engleski

Business cycle in Croatia:by the dynamic synchronization technique

The purpose of this paper is to anylse business cycle sychronisation in the Croatian economy using various annualised growth rate variables over a period of eighteen years (1992-2010), de-trended by Hodrich Prescott filter and folowing the Harding and Pagan methodological procedure in determination of its turning points. Our conceptual anylsis of synchronisation is based on the technique of concordance indexes and correlation coefficients obtained by the HAC estimators.

business cycles; synchronisation of business cycles; Croatia

nije evidentirano