Pregled bibliografske jedinice broj: 279400
Integration of Aggregate Economic Activity between the Euro Area and Croatia: Empirical Analysis
Integration of Aggregate Economic Activity between the Euro Area and Croatia: Empirical Analysis // EUROXXI 2006, 21 st European Conference on Operational Reasearch, July 2-5, Reykjavik, Iceland
Reykjavík, Island, 2006. (predavanje, nije recenziran, sažetak, znanstveni)
CROSBI ID: 279400 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Integration of Aggregate Economic Activity between the Euro Area and Croatia: Empirical Analysis
Autori
Cota, Boris ; Erjavec, Nataša
Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni
Skup
EUROXXI 2006, 21 st European Conference on Operational Reasearch, July 2-5, Reykjavik, Iceland
Mjesto i datum
Reykjavík, Island, 02.07.2006. - 05.07.2006
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Nije recenziran
Ključne riječi
business cycle; VAR model; correlation
Sažetak
Cumulative impulse ratio indicates that the short term effect of a shock is over 100% higher than in the Euro area which means that Croatia is very sensitive to Euro area shock. The positive sign implies that the short-term effects are in the same direction. The result is likely due to the lower persistence of cycles in Croatia which would have led to higher cyclical volatility and sensitivity to foreign shocks. The high level of synchronisation of Croatian industrial production is not surprising, since industry generates a large proportion of foreign trade, which is one of the main channels through which synchronization can occur.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
