Economic Clubs and European Commitment. Evidence from the International Business Cycles

Maurizio Bovi ()

International Journal of Applied Econometrics and Quantitative Studies, 2005, vol. 2, issue 2, 101-122

Abstract: This paper examines the emergence of economic clubs and its coherence with the european commitments. to this end, it analyses business cycle comovements in six industrialised economies, which are pooled into several clusters. results lead to conclude that an english-speaking club (canada, uk, us) is emerging in the last decades, whereas explicit and formal commitments seem to have had a relatively weaker power in determining euro-zone business cycles comovements. while the broad conclusions are consistent with the existing literature the proposed empirical framework is not based on correlations testing, under very few assumptions, the relative cyclical association via the marginal homogeneity in 2x2 contingency tables.

Keywords: business cycles; synchronization; turning points; nonparametric test (search for similar items in EconPapers)
JEL-codes: C14 C33 E32 F47 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.usc.es/economet/reviews/ijaeqs222.pdf
No

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eaa:ijaeqs:v:2:y2005:i:2_2

Ordering information: This journal article can be ordered from
http://www.usc.es/economet/info.htm

Access Statistics for this article

More articles in International Journal of Applied Econometrics and Quantitative Studies from Euro-American Association of Economic Development
Bibliographic data for series maintained by M. Carmen Guisan ().