EconPapers    
Economics at your fingertips  
 

Business Cycle Regimes in CEECs Production: a Threshold SUR Approach

Nektarios Aslanidis ()

No 2006-01, Bank of Estonia Working Papers from Bank of Estonia

Abstract: The aim of this paper is to study economic activity in CEECs and to look at the transmission of economic activity between the euro area and CEECs. Econometric techniques appropriate for a threshold seemingly unrelated regressions specification are developed to take account of factors that are common to all CEECs. This methodology also allows for asymmetries in the activity of the CEECs governed by the overall euro area activity. The results show slow growth for most CEECs when the euro area economy decelerates, but high growth when the euro area economy grows.

Keywords: threshold SUR; asymmetry; business cycles (search for similar items in EconPapers)
JEL-codes: C50 E32 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2006-10-10, Revised 2006-10-10
New Economics Papers: this item is included in nep-eec and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Published

Downloads: (external link)
http://www.eestipank.ee/sites/eestipank.ee/files/p ... ers/2006/_wp_106.pdf (application/pdf)

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:eea:boewps:wp2006-01

Ordering information: This working paper can be ordered from
Estonia bld. 13, 15095 Tallinn, ESTONIA

Access Statistics for this paper

More papers in Bank of Estonia Working Papers from Bank of Estonia Estonia bld. 13, 15095 Tallinn, ESTONIA. Contact information at EDIRC.
Bibliographic data for series maintained by Peeter Luikmel ().

 
Page updated 2022-06-29
Handle: RePEc:eea:boewps:wp2006-01