BUSINESS CYCLE SYNCHRONIZATION BETWEEN THE CEEC AND THE EURO‐AREA: EVIDENCE FROM THRESHOLD SEEMINGLY UNRELATED REGRESSIONS
Nektarios Aslanidis ()
Manchester School, 2010, vol. 78, issue 6, 538-555
This paper re‐examines the issue of business cycle synchronization between the Central and East European countries (CEECs) and the Euro‐area using threshold seemingly unrelated regressions. This new technique is useful in two ways. First, it takes into account contemporaneous linkages among the CEECs as well as between the CEECs and the Euro‐area. Second, it captures business cycle regimes for the CEECs, which are driven by the Euro‐area cycle. The methodology is applied to the three largest CEECs: Czech Republic, Hungary and Poland. The results show that while Hungary has very similar business cycle regimes to the Euro‐area, the Czech Republic and particularly Poland are less synchronized.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:manchs:v:78:y:2010:i:6:p:538-555
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1463-6786
Access Statistics for this article
Manchester School is currently edited by Keith Blackburn
More articles in Manchester School from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().