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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2859

Title: Revisiting business cycle synchronisation in the European Union
Authors: Afonso, António
Sequeira, Ana
Keywords: Business cycle synchronization
European Union
Issue Date: 2010
Publisher: ISEG - Departamento de Economia
Citation: Afonso, António e Ana Sequeira. 2010 "Revisiting business cycle synchronisation in the European Union". Instituto Superior de Economia e Gestão. DE Working papers; nº22/2010/UECE
Series/Report no.: DE Working Papers; nº22-2010/UECE
Abstract: We assess the business cycle synchronization features of aggregate output in the 27 EU countries using annual data for the period 1970-2009. In particular, we compute measures of synchronisation for private consumption, government spending, gross fixed capital formation, exports and imports. Our results show a rise in synchronization over the full period, and although private consumption is the biggest component of GDP, external demand tends to be a more important determinant of business cycle synchronization.
URI: http://hdl.handle.net/10400.5/2859
ISSN: 0874-4548
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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