• Icon to change language to english
  • Icon to change language to english

BUSINESS CYCLE SYNCHRONIZATION OF THE EUROPEAN UNION MEMBER-STATES: A STUDY OF THE ECONOMIC CONVERGENCE WITHIN THE EU

Authors

Keywords
-

Summary
The aim of this paper is to investigate the level of business cycle synchronization of the EU member states. Three macroeconomic indicators within EU members are studied – GDP, unemployment and inflation. The methodology of the study is based on two parallel econometric techniques – Baxter-King and Hodrick-Prescott filters. Different levels of synchronization are distinguished within the estimated indicators – high s synchronization of GDP, moderate of unemployment and low synchronization of inflation. Different levels of synchronization are identified between the old and new members of the EU.

JEL: -
Pages: 40
Price: 3 Points

More titles

  • MARKETING RESEARCH OF THE ORGANIC PRODUCTS MARKET IN BULGARIA

    The organic products are produced in accordance with certain standards of production. Through the most part of human history, agriculture could be qualified as organic. After 20-th century new and often not tested synthetic chemicals were offered, emphasized as improvements, introduced to all food products. This newer style of production is called ...

  • OPTIMIZING THE EFFECTIVENESS OF DIRECT MARKETING CAMPAIGNS USING DATA MINING

    In this article several data mining models, together with the conventional RFM model, are designed and applied for optimizing the effectiveness of direct marketing campaigns. Regardless of its popularity as a means for generating “optimal” target lists, RFM analysis is far from optimal solution. Applied on empirical data for one-year activities of ...

  • BULGARIA`S FOREIGN TRADE IN THE CONTEXT OF EUROPEAN ECONOMIC INTEGRATION

    This study has theoretical and practical character. Theoretical aspects include clarification of ideas and concepts of foreign trade as a factor for the development of national economy. It is performed analysis of information assurance of external trade surveys by focusing on principles, systems and accounting classifications. The applied aspect ...