Regional Aspects of Business Cycle Synchronization in the V4 Countries
Regional Aspects of Business Cycle Synchronization in the V4 Countries
Author(s): Marianna Siničáková, Ľubica ŠtiblárováSubject(s): National Economy, Business Economy / Management, Methodology and research technology, Economic development
Published by: Reprograph
Keywords: business cycle synchronization; Visegrad countries; minimum spanning tree; regional cycles;
Summary/Abstract: The aim of the paper is to identify the degree of business cycle synchronization in the Visegrad countries on their regional level. Rising synchronization should be the outcome of their integration process. To increase robustness of the findings, we performed our analysis using traditional and alternative approach, i.e. Pearson correlation coefficients and minimum spanning tree method. To complete view on this topic we calculated Krugman specialization indices. Comparatively high level of specialization was revealed in the capital regions in the Czech Republic and Slovakia. Obvious heterogeneity was observed among Hungarian regions and negative correlations in case of some Polish regions.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XI/2016
- Issue No: 40
- Page Range: 257-259
- Page Count: 3
- Language: English