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Statistical Methodology for Evaluating Business Cycles with the Conditions of Their Synchronization and Harmonization

Elena Zarova

A chapter in Statistics - Growing Data Sets and Growing Demand for Statistics from IntechOpen

Abstract: The importance of the topic of business cycle research and their interaction is due to the fact that the cyclical nature of development is a universal feature of the market economy (regardless of the level of development of the country's economy and the principles of its organization). In all cases, cyclical ups and downs depend not only on internal system cyclical processes and their factors in countries but also on the consequences of intercountry interaction. The ability to measure and predict business cycles, taking into account their mutual influence, is a prerequisite for the development of an adequate business policy of countries and their associations.

Keywords: business cycle; indicator; synchronization; harmonization; principle component; modeling (search for similar items in EconPapers)
JEL-codes: C60 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:141955

DOI: 10.5772/intechopen.75580

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