engleski

How strong is the nexus between business cycles and economic growth? Evidence from European countries

The ambiguity of the nexus between business cycles and economic growth is examined. The recent recession increased the interest in examining that relation and its implication for economic policy. This paper will offer empirical identification of the nexus in question using econometric methodology. The results will enable better understanding of business cycles and economic growth tangle and contribute to economic growth and business cycles theory. The data will provide solid grounds and base for further research of this topic, as well as policy recommendations.

business cycles ; economic growth ; Europe ; nexsus ; Granger causality

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