Does Austria respond to the German or the US business cycle?
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
Author(s)
Detail(s)
Original language | English |
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Pages (from-to) | 33-42 |
Journal / Publication | International Journal of Finance and Economics |
Volume | 5 |
Issue number | 1 |
Publication status | Published - 2000 |
Externally published | Yes |
Link(s)
Abstract
This study assesses the claim that the Austrian economy depends mainly on the German business cycle. Controlling for possible influences from the US economy, it is confirmed that the Austrian and German industrial production indexes have a common long-term stochastic trend and German industrial production Granger-causes the Austrian industrial production in the short run. However, German and US shocks only account for a small proportion of Austrian industrial production variability. Further, it is found that the three countries share a non-synchronized common business cycle. Copyright (C) 2000 John Wiley and Sons, Ltd.
Research Area(s)
- Codependence test, Cointegration test, Common feature test, Long-term co-movement, Non-synchronized common business cycle, Output interaction, Synchronized business cycles
Citation Format(s)
Does Austria respond to the German or the US business cycle? / Cheung, Yin-Wong; Westermann, Frank.
In: International Journal of Finance and Economics, Vol. 5, No. 1, 2000, p. 33-42.
In: International Journal of Finance and Economics, Vol. 5, No. 1, 2000, p. 33-42.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review