HOW ECONOMIC ACTIVITY AFFECTS THE ECONOMIC CYCLES OF INDIVIDUAL CONSUMPTION EXPENDITURE OF GOVERNMENT IN CENTRAL AND EASTERN EUROPE

Georgi Chernevski ()
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Georgi Chernevski: University of Economics-Varna

Economics and computer science, 2016, issue 4, 59-66

Abstract: This article experiments a methodology for calculating cross-correlation coefficients measuring the economic cycles of individual consumption expenditure of government and economic activity synchronization. The aim of this article is to compare the economic cycles of individual consumption expenditure of government and economic activity synchronization in Central and Eastern Europe. The results show that the index of industrial production is a procyclical indicator. There is a low positive correlation between the economic cycles of individual consumption expenditure of government and government gross debt in Croatia, Romania, Hungary and Slovakia. The cross-correlation coefficient is considered to be negligible in Bulgaria.

Keywords: individual consumption expenditure of general government; economic cycle; cross-correlation; synchronization (search for similar items in EconPapers)
JEL-codes: A1 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:kab:journl:y:2016:i:4:p:59-66

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