Business Cycles in European Union: Brief Comparison of the Economic Behaviour of Member Countries

Dinamia Working Paper No. 2003-35

21 Pages Posted: 7 Jun 2004

See all articles by Alexandra Ferreira Lopes

Alexandra Ferreira Lopes

Instituto Superior de Ciências do Trabalho e da Empresa (ISCTE)

Date Written: October 2003

Abstract

We present the business cycles results of European Union Countries in terms of volatility, persistence and cross country correlation. The results are in line with business cycles stylized facts and show a high degree of cross country correlation between member countries, although the volatilities presented are quite heterogeneous, suggesting different impacts of shocks on economies. A detailed study of GDP business cycle shows that business cycles in Germany, France, Italy, Belgium, Holland, Portugal and Spain are coincident, but there is no evidence of that fact for Austria, Finland, Sweden, Denmark and specially for United Kingdom.

Suggested Citation

Lopes, Alexandra Ferreira, Business Cycles in European Union: Brief Comparison of the Economic Behaviour of Member Countries (October 2003). Dinamia Working Paper No. 2003-35, Available at SSRN: https://ssrn.com/abstract=554202 or http://dx.doi.org/10.2139/ssrn.554202

Alexandra Ferreira Lopes (Contact Author)

Instituto Superior de Ciências do Trabalho e da Empresa (ISCTE) ( email )

Complexo Indeg/Iscte
Av. Professor Anibal Bettencourt
Lisboa, 1600-189
Portugal

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