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Title:Business cycles in a transition economy : the case of Slovenia
Authors:ID Jagrič, Timotej (Author)
Files:URL http://www.eea-esem.com/papers/eea-esem/2004/187/eea_esem04.pdf
Work type:Unknown
Typology:1.08 - Published Scientific Conference Contribution
Organization:EPF - Faculty of Business and Economics
Abstract:In this paper we study cyclical patterns in a transition economy. We introduce a dynamic perspective into the analysis by applying multivariate wavelet analysis. The wavelet covariance and wavelet correlation are defined and applied to the analysis of business cycles as an alternative to the traditional cross-spectrum analysis. The main findings are that there is a significant business cycle component in aggregate economic activity. Business cycles are asymmetric and highly synchronized with the EU cycle. Additionally we find that there are three distinctive periods of business cycle synchronization, which have an important impact on the properties of a business cycle.
Year of publishing:2004
PID:20.500.12556/DKUM-29219 New window
COBISS.SI-ID:7572764 New window
Publication date in DKUM:02.06.2012
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Keywords:analiza, ekonomija, tranzicija, Slovenija


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