Since 2014
ANALYSIS OF ECONOMIC GROWTH CYCLES’ SYMMETRY IN THE MAIN ECONOMIC SECTORS OF EURO AREA COUNTRIES
Ekonomika
View Archive Info| Field | Value | |
| Title |
ANALYSIS OF ECONOMIC GROWTH CYCLES’ SYMMETRY IN THE MAIN ECONOMIC SECTORS OF EURO AREA COUNTRIES
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| Creator |
Šidlauskaitė, Brigita
Balčiūnas, Norbertas |
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| Description |
Abstract. With the European Union integration growing deeper and Euro area countries having the common currency, excluding possibility of a national monetary policy, academic society has raised a debate on economic stabilization opportunities in individual Euro area countries in case the common monetary policy would prove to be adverse. According to the optimum currency area theory, one of the necessary conditions for the successful functioning of the monetary union is the homogeneity of its countries. The possible economic shocks could have a different impact on the economy of individual Euro area countries in the presence of significant differences in their economy structure. Applying the Hodrick–Prescott method, this study identifies and analyses economic growth cycles in the main economic sectors of the Euro area countries. The results suggest that not all economic growth cycles of the Euro area countries sufficiently correlate with the Euro area average, and one of the predetermining factors is the differences in the economic structure.Key words: asymmetry of economic growth cycle, Euro area, value added structure
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| Publisher |
Vilnius University Press
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| Date |
2012-01-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://www.journals.vu.lt/ekonomika/article/view/243
10.15388/Ekon.2012.0.243 |
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| Source |
Ekonomika; Vol 91 No 4 (2012): Ekonomika
Ekonomika; T. 91 Nr. 4 (2012): Ekonomika 2424-6166 1392-1258 |
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| Relation |
https://www.journals.vu.lt/ekonomika/article/view/243/193
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| Rights |
Copyright (c) 2014 Ekonomika
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