• 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

  • INVESTIGATION OF THE RELATION BETWEEN EXTERNAL COSTS AND ECOEFFICIENCY

    The development of reliable methodologies for assessing the harmful effects of production and consumption of goods and services on the environment is a major challenge to the scientific community. Along with the existing indicators, indexes and other measurement tools, in recent years relevant quantitative methods for evaluating these influences ...

  • 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 ...

  • IMPACT EVALUATION OF STRUCTURAL FUNDS ON LOCAL ECONOMIC DEVELOPMENT

    The objective of this study is to assess the impact of structural funds on local economic development. As target communities in the project proposal were defined Belene and Nikopol municipalities. They are selected because of their small size and needs of increasing the administrative capacity. The object of study are the municipality development ...