Structural Change and Business Cycle Dynamics in Transition Economies
Structural Change and Business Cycle Dynamics in Transition Economies
Author(s): Svitlana Kolosok, Iuliia MyroshnychenkoSubject(s): National Economy, Business Economy / Management, International relations/trade, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today)
Published by: Reprograph
Keywords: a business cycle; system changes in the business cycle; structural changes in the business cycle; cyclical fluctuations; business cycle dynamics; and transition economies;
Summary/Abstract: Presented research focuses on the consideration and analysis of peculiarities of the course of business cycles in the countries with transition economy. As starting point, a hypothesis on the business cycles nature change in the countries with transition economy after the financial crisis of 1997- 1998 in consequence of capital formation changes and structural changes within economy sectors was put forward. A cross- correlation analysis was defined and applied to the analysis of economic fluctuations and testing of put hypotheses. The empirical part of the research deals with data of GDP and output by sector of economic activity. The data were taken from UNCTADstat United Nations Conference of Trade and Development, National Bureau of Statistics of the Republic of Moldova and Federal State Statistics Service of the Russian Federation.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: X/2015
- Issue No: 31
- Page Range: 128-141
- Page Count: 14
- Language: English