Naslov
New Insights in Business Cycle Coherence ; Empirical Evidence from Slovenia

Autori
Tomić, Daniel ; Kenjereš, Marija

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 34th International Conference on Organizational Science Development / Doucek, Petr ; Novak, Aleš, Paape Bjorn - Kranj : Moderna organizacija, 2015, 1150-1161

ISBN
978-961-232-280-9

Skup
Internationalization and Cooperation

Mjesto i datum
Portorož, Slovenija, 25.03.2015. - 27.03.2015

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
business cycle; synchronicity; similarity; HP-filter; Slovenia; European Union

Sažetak
Many argue that business cycle analysis has served as an important impulse in stimulating and provoking interesting academic and professional debates, especially within the European Union. Measuring business cycles is critical in determining the stylized facts of the business cycle regarding aggregate macroeconomic behaviour over time. Although a cycle in economic activity is a stylized fact, in macroeconomics it is less clear as to when the economic growth dynamic coincides between countries/regions and when these dynamics synchronize and/or converge. The aim of this paper is to look into business cycle aspects of the Slovenian economy vis á vis European Union in terms of coherence measures. By applying methodology proposed by Mink, Jacobs and de Haan we calculated two measures of coherence, namely synchronicity and similarity in order to capture both co-movement and amplitude of the Slovenian growth perspective presented as the output gap variable. Output gap calculations are based on the growth cycle approach for deviation cycle variable is to be derived using the HP filter. In addition, some mediating macroeconomic variables are also being included in the analysis in order to provide us some new insights regarding business cycle coherence in the optimal currency area of which Slovenia has become an indispensable part.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA