RT Journal Article
SR Electronic
A1 Kapounek, Svatopluk
A1 Lacina, Lubor
T1 Business cycle synchronization among member countries of Eurozone during the process of European integration
JF Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
YR 2014
VO 55
IS 6
SP 75
OP 90
DO 10.11118/actaun200755060075
UL https://acta.mendelu.cz/artkey/acu-200706-0008.php
AB The paper deals with the correlation of the business cycles between the Eurozone member states in the period 1957-2003. The analysed period is divided into the four parts (1959-1972, 1973-1985, 1986-1994, 1995-2003), which correspond to integration waves and relate approximately to the European integration process. The empirical analysis is based on the time series correlation. The authors discuss the impact of the EC enlargements on the business cycles correlation as well as on qualitative changes in the interaction between the states.