Business cycle in the light of entering EU; A case of Slovenia

Jagrič, Timotej and Strašek, Sebastian (2005) Business cycle in the light of entering EU; A case of Slovenia. In: Entrepreneurship and macroeconomic management, April, 28-30, 2005., Pula, Croatia.

Puni tekst

PDF - Objavljena verzija Restricted to Samo registrirani korisnici Sva prava pridržana. Nije dopušteno niti jedan dio reproducirati ili distribuirati bez prethodnog pismenog odobrenja. Download (452kB)

Sažetak

Perspective into the analysis by applying multivariate wavelet analysis. The wavelet covariance and wavelet correlation were defined and applied to the analysis of business cycles as an alternative to the traditional cross-spectrum analysis. A major advantage of wavelet techniques is their ability to decompose a time series locally in both frequency and time. We utilized this property to investigate the behavior of aggregate economic fluctuations in a transition economy. Both stationary and nonstationary processes can be easily handled by this methodology. The main findings indicated that there is a significant business cycle component in aggregate economic activity and that business cycles are asymmetric and highly synchronized with the EU cycle. Additionally, it was found that three distinctive periods of business cycle synchronization exert an important impact on the properties of a business cycle.

[error in script]

Tip objekta:	Materijal konferencije ili radionice (Paper)
Mentor:	NIJE ODREĐENO
Dodatne informacije:	3/2005, Vol. 1
Ključni pojmovi:	business cycle, multivariate wavelet analysis, asymmetry, volatility, synchronization, poslovni ciklusi, asimetrija, sinkronizacija.
Teme:	3 Društvene znanosti > 33 Ekonomija. Ekonomska znanost > 330 Ekonomija općenito
Odjeli:	Odjel za ekonomiju i turizam "Dr. Mijo Mirković"
Datum pohrane:	17 Oct 2012 11:22
Zadnja promjena:	08 Jan 2013 09:50
URI:	http://eknjiznica.unipu.hr/id/eprint/1425

Actions (login required)

Pregledaj stavku