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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2567

Title: Sectoral Business Cycle Synchronization in the European Union
Authors: Afonso, António
Furceri, Davide
Keywords: EMU Enlargement
Stabilisation
Synchronization
Sectoral Business Cycle
Issue Date: Jan-2007
Publisher: ISEG – Departamento de Economia
Citation: Afonso, António e Davide Furceri. 2007. "Sectoral Business Cycle Synchronization in the European Union". Instituto Superior de Economia e Gestão - DE Working papers nº 2-2007/DE/UECE
Series/Report no.: DE Working papers;nº 2-2007/DE/UECE
Abstract: This paper analyses sectoral business cycle synchronization in an enlarged European Union using annual data for the period 1980-2005. In particular, we try to identify which sector for each country is driving the aggregate output business cycle synchronization. Overall, the sectors that provide the most relevant contribution are Industry, Building and Construction, and Agriculture, Fishery and Forestry. In contrast, the Services sector, the largest one in terms of valued added share, shows a relative low business cycle synchronization and volatility, implying that it contributes only marginally to the aggregate output business cycle synchronization.
URI: http://hdl.handle.net/10400.5/2567
ISSN: 0874-4548
Publisher version: https://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26473
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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