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Will business cycles in the Euro Area converge : a critical survey of empirical research

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Author Info
Haan, Jakob de
Inklaar, Robert
Jong-A-Pin, Richard (Groningen University)

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Abstract

The industrial revolution is mostly seen as a supply side phenomenon. Ever since Gilboy stated that factors of demand may have been equally important, scholars have stressed the importance of investments and technological change. This paper re-considers Gilboy?s ideas, using the dataset of the Dutch historical national accounts for the nineteenth century. Using a counterfactual VAR analysis, it is investigated to what extent changes in (determinants of) consumer demand may have affected patterns of industrial development.

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File URL: http://irs.ub.rug.nl/ppn/287894738
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Publisher Info
Paper provided by University of Groningen, CCSO Centre for Economic Research in its series CCSO Working Papers with number 200508.

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Date of creation: 2005
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Handle: RePEc:dgr:rugccs:200508

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  1. Herbert Buscher & Hubert Gabrisch, 2009. "Is the European Monetary Union an Endogenous Currency Area? The Example of the Labor Markets," IWH Discussion Papers 7-09, Halle Institute for Economic Research. [Downloadable!]
  2. Mark Mink & Jan P.A.M. Jacobs & Jakob de Haan, 2007. "Measuring Synchronicity And Co-Movement Of Business Cycles With An Application To The Euro Area," CAMA Working Papers 2007-19, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
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  3. João Loureiro & Manuel M. F. Martins & Ana Paula Ribeiro, 2009. "Cape Verde: The Case for Euroization," FEP Working Papers 317, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
  4. Darné, O. & Ferrara, L., 2009. "Identification of slowdowns and accelerations for the euro area economy," Documents de Travail 239, Banque de France. [Downloadable!]
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This page was last updated on 2009-11-13.

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