Please use this identifier to cite or link to this item: https://ktisis.cut.ac.cy/handle/10488/5124
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dc.contributor.authorNeanidis, Kyriakos C.en
dc.contributor.authorOsborn, Denise R.en
dc.contributor.authorSavva, Christos S.-
dc.contributor.authorNeanidis, Kyriakos C.-
dc.contributor.authorOsborn, Denise R.-
dc.contributor.other�����, ������� �.-
dc.date.accessioned2012-03-21T15:41:49Zen
dc.date.accessioned2013-05-16T08:22:13Z-
dc.date.accessioned2015-12-02T09:28:34Z-
dc.date.available2012-03-21T15:41:49Zen
dc.date.available2013-05-16T08:22:13Z-
dc.date.available2015-12-02T09:28:34Z-
dc.date.issued2007en
dc.date.issued2007-
dc.identifier.urihttp://ktisis.cut.ac.cy/handle/10488/5124en
dc.identifier.urihttp://ktisis.cut.ac.cy/handle/10488/5124-
dc.description.abstractWe examine business cycle synchronizations between the euro area and the new and candidate countries of the EU. We utilize a bivariate VAR-GARCH specification with a smoothly time-varying correlation that allows for structural changes in the degree of co-movement between the cyclical components of monthly industrial production. After the application of a Lagrange Multiplier statistic that tests directly the constant correlation hypothesis, we find that all the new EU members and candidate countries (with the exception of Estonia) have at least doubled their business cycle synchronization with the euro area. The results point to great variety in timing and speed of the correlation shifts across the country sample.en
dc.description.abstractWe examine business cycle synchronizations between the euro area and the new and candidate countries of the EU. We utilize a bivariate VAR-GARCH specification with a smoothly time-varying correlation that allows for structural changes in the degree of co-movement between the cyclical components of monthly industrial production. After the application of a Lagrange Multiplier statistic that tests directly the constant correlation hypothesis, we find that all the new EU members and candidate countries (with the exception of Estonia) have at least doubled their business cycle synchronization with the euro area. The results point to great variety in timing and speed of the correlation shifts across the country sample.-
dc.formatpdfen
dc.formatpdf-
dc.language.isoenen
dc.language.isoen-
dc.subjectBusiness Cyclesen
dc.subjectConditional Correlationsen
dc.subjectSynchronizationen
dc.subjectVolatilityen
dc.subjectBusiness Cycles-
dc.subjectConditional Correlations-
dc.subjectSynchronization-
dc.subjectVolatility-
dc.titleBusiness Cycle Synchronization of the Euro Area with the New and Candidate Member Countriesen
dc.titleBusiness Cycle Synchronization of the Euro Area with the New and Candidate Member Countries-
dc.typeArticleen
dc.typeArticle-
dc.affiliationUniversity of Cyprusen
dc.affiliationUniversity of Cyprus-
dc.dept.handle123456789/54en
dc.dept.handle123456789/54-
item.fulltextWith Fulltext-
item.grantfulltextopen-
item.languageiso639-1other-
item.languageiso639-1other-
crisitem.author.deptDepartment of Commerce, Finance and Shipping-
crisitem.author.facultyFaculty of Management and Economics-
crisitem.author.orcid0000-0003-3354-6483-
crisitem.author.parentorgFaculty of Management and Economics-
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