On business cycles synchronization in Europe: A note on network analysis
Author
Abstract
Suggested Citation
DOI: 10.1016/j.physa.2016.06.097
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Frankel, Jeffrey A & Rose, Andrew K, 1998.
"The Endogeneity of the Optimum Currency Area Criteria,"
Economic Journal, Royal Economic Society, vol. 108(449), pages 1009-1025, July.
- Jeffrey A. Frankel & Andrew K. Rose, 1996. "The Endogeneity of the Optimum Currency Area Criteria," NBER Working Papers 5700, National Bureau of Economic Research, Inc.
- Frankel, Jeffrey A & Rose, Andrew K, 1996. "The Endogeneity of the Optimum Currency Area Criteria," CEPR Discussion Papers 1473, C.E.P.R. Discussion Papers.
- Theophilos Papadimitriou & Periklis Gogas & Georgios Sarantitis, 2016.
"Convergence of European Business Cycles: A Complex Networks Approach,"
Computational Economics, Springer;Society for Computational Economics, vol. 47(2), pages 97-119, February.
- Theophilos Papadimitriou & Periklis Gogas & Georgios-Antonios Sarantitis, 2014. "Convergence of European Business Cycles: A Complex Networks Approach," Working Paper series 35_14, Rimini Centre for Economic Analysis.
- Antonakakis, Nikolaos, 2012.
"Business cycle synchronization during US recessions since the beginning of the 1870s,"
Economics Letters, Elsevier, vol. 117(2), pages 467-472.
- Antonakakis, Nikolaos, 2012. "Business Cycle Synchronization During US Recessions Since the Beginning of the 1870's," Department of Economics Working Paper Series 140, WU Vienna University of Economics and Business.
- Antonakakis, Nikolaos, 2012. "Business cycle synchronization during US recessions since the beginning of the 1870's," MPRA Paper 38341, University Library of Munich, Germany.
- Nikolaos Antonakakis, 2012. "Business Cycle Synchronization During US Recessions Since the Beginning of the 1870's," Department of Economics Working Papers wuwp140, Vienna University of Economics and Business, Department of Economics.
- Michaelides, Panayotis G. & Papageorgiou, Theofanis & Vouldis, Angelos T., 2013. "Business cycles and economic crisis in Greece (1960–2011): A long run equilibrium analysis in the Eurozone," Economic Modelling, Elsevier, vol. 31(C), pages 804-816.
- J. Tinbergen, 1940. "Econometric Business Cycle Research," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 7(2), pages 73-90.
- Zsolt Darvas & György Szapáry, 2008.
"Business Cycle Synchronization in the Enlarged EU,"
Open Economies Review, Springer, vol. 19(1), pages 1-19, February.
- Szapáry, György & Darvas, Zsolt, 2005. "Business Cycle Sychronization in the Enlarged EU," CEPR Discussion Papers 5179, C.E.P.R. Discussion Papers.
- Zsolt Darvas & György Szapáry, 2006. "Business Cycle Synchronization in the Enlarged EU," Working Papers 0604, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
- R. Mantegna, 1999.
"Hierarchical structure in financial markets,"
The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 11(1), pages 193-197, September.
- R. Mantegna, 1999. "Hierarchical structure in financial markets," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 11(1), pages 193-197, September.
- Rosario N. Mantegna, 1998. "Hierarchical Structure in Financial Markets," Papers cond-mat/9802256, arXiv.org.
- Antonakakis, Nikolaos & Gogas, Periklis & Papadimitriou, Theophilos & Sarantitis, Georgios Antonios, 2016.
"International business cycle synchronization since the 1870s: Evidence from a novel network approach,"
Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 447(C), pages 286-296.
- Antonakakis, Nikolaos & Gogas, Periklis & Papadimitriou, Theophilos & Sarantitis, Georgios, 2015. "International Business Cycle Synchronization since the 1870s: Evidence from a Novel Network Approach," MPRA Paper 67223, University Library of Munich, Germany.
- Antonakakis, Nikolaos & Gogas, Periklis & Papadimitriou, Theophilos & Sarantitis, Georgios, 2015. "International Business Cycle Synchronization Since the 1870s: Evidence from a Novel Network Approach," DUTH Research Papers in Economics 2-2015, Democritus University of Thrace, Department of Economics.
- Camacho, Maximo & Perez-Quiros, Gabriel & Saiz, Lorena, 2008.
"Do European business cycles look like one?,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2165-2190, July.
- Máximo Camacho & Gabriel Pérez-Quirós & Lorena Saiz, 2005. "Do european business cycles look like one?," Working Papers 0518, Banco de España.
- Martin Gächter & Aleksandra Riedl & Doris Ritzberger-Grünwald, 2012. "Business Cycle Synchronization in the Euro Area and the Impact of the Financial Crisis," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 33-60.
- Crespo-Cuaresma, Jesús & Fernández-Amador, Octavio, 2013.
"Business cycle convergence in EMU: A first look at the second moment,"
Journal of Macroeconomics, Elsevier, vol. 37(C), pages 265-284.
- Jesús Crespo-Cuaresma & Octavio Fernández-Amador, 2010. "Business cycle convergence in EMU: A first look at the second moment," Working Papers 2010-22, Faculty of Economics and Statistics, Universität Innsbruck.
- Crespo-Cuaresma, Jesús & Fernández-Amador, Octavio, 2013.
"Business cycle convergence in EMU: A second look at the second moment,"
Journal of International Money and Finance, Elsevier, vol. 37(C), pages 239-259.
- Crespo Cuaresma , Jesus & Fernandez Amador, Octavio, 2010. "Business cycle convergence in EMU: A second look at the second moment," Working Papers in Economics 2010-13, University of Salzburg.
- Jesús Crespo-Cuaresma & Octavio Fernández-Amador, 2010. "Business cycle convergence in EMU: A second look at the second moment," Working Papers 2010-25, Faculty of Economics and Statistics, Universität Innsbruck.
- Artis, Michael J & Zhang, W, 1997.
"International Business Cycles and the ERM: Is There a European Business Cycle?,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 2(1), pages 1-16, January.
- Artis, Michael J & Zhang, Wenda, 1995. "International Business Cycles and the ERM: Is there a European Business Cycle?," CEPR Discussion Papers 1191, C.E.P.R. Discussion Papers.
- Fidrmuc, Jarko & Korhonen, Iikka, 2006.
"Meta-analysis of the business cycle correlation between the euro area and the CEECs,"
Journal of Comparative Economics, Elsevier, vol. 34(3), pages 518-537, September.
- Jarko Fidrmuc & Iikka Korhonen, 2006. "Meta-Analysis of the Business Cycle Correlation between the Euro Area and the CEECs," CESifo Working Paper Series 1693, CESifo.
- Michael Artis & Toshihiro Okubo, 2011.
"Does International Trade Really Lead To Business Cycle Synchronization?—A Panel Data Approach,"
Manchester School, University of Manchester, vol. 79(2), pages 318-332, March.
- Michael Artis & Toshihiro Okubo, 2011. "Does International Trade Really Lead to Business Cycle Synchronization?-A panel data approach," Discussion Paper Series DP2011-05, Research Institute for Economics & Business Administration, Kobe University.
- Petre Caraiani, 2013. "Using Complex Networks to Characterize International Business Cycles," PLOS ONE, Public Library of Science, vol. 8(3), pages 1-13, March.
- Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
- Sybille Lehwald, 2013.
"Has the Euro changed business cycle synchronization? Evidence from the core and the periphery,"
Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 40(4), pages 655-684, November.
- Sybille Lehwald, 2012. "Has the Euro Changed Business Cycle Synchronization? Evidence from the Core and the Periphery," ifo Working Paper Series 122, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Michael Artis, 2003. "Is there a European Business Cycle?," CESifo Working Paper Series 1053, CESifo.
- Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1.
- Nikolaos Antonakakis & Johann Scharler, 2012. "The synchronization of GDP growth in the G7 during US recessions," Applied Economics Letters, Taylor & Francis Journals, vol. 19(1), pages 7-11, January.
- David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2012. "Synchronization and Diversity in Business Cycles: A Network Approach Applied to the European Union," CREMA Working Paper Series 2012-01, Center for Research in Economics, Management and the Arts (CREMA).
- Massmann, Michael & Mitchell, James, 2003.
"Reconsidering the evidence: Are Eurozone business cycles converging,"
ZEI Working Papers
B 05-2003, University of Bonn, ZEI - Center for European Integration Studies.
- James Mitchell & Michael Massmann, 2004. "Reconsidering the evidence: are Eurozone business cycles converging?," Money Macro and Finance (MMF) Research Group Conference 2003 67, Money Macro and Finance Research Group.
- Jakob De Haan & Robert Inklaar & Richard Jong‐A‐Pin, 2008.
"Will Business Cycles In The Euro Area Converge? A Critical Survey Of Empirical Research,"
Journal of Economic Surveys, Wiley Blackwell, vol. 22(2), pages 234-273, April.
- Haan, Jakob de & Inklaar, Robert & Jong-A-Pin, Richard, 2005. "Will business cycles in the Euro Area converge : a critical survey of empirical research," CCSO Working Papers 200508, University of Groningen, CCSO Centre for Economic Research.
- Xi, Ning & Muneepeerakul, Rachata & Azaele, Sandro & Wang, Yougui, 2014. "Maximum entropy model for business cycle synchronization," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 413(C), pages 189-194.
- David Matesanz Gomez & Benno Torgler & Guillermo J. Ortega, 2013. "Measuring Global Economic Interdependence: A Hierarchical Network Approach," The World Economy, Wiley Blackwell, vol. 36(12), pages 1632-1648, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Jose Manuel Caetano & Antonio Bento Caleiro, 2018. "On Business Cycles Synchronization: Some Directions For The Eurasia," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 6(3), pages 13-33.
- Yin, Likang & Deng, Yong, 2018. "Measuring transferring similarity via local information," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 498(C), pages 102-115.
- Jin, Yunguo, 2019. "Parameter recognition for complex networks subjected to noise," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 536(C).
- Dias, João, 2017. "Unemployment and sovereign debt crisis in the Eurozone: A k-means-r analysis," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 482(C), pages 108-117.
- Łukasz Markowski & Aleksandra Ostrowska, 2024. "Synchronizacja cyklu gospodarczego i finansowego w krajach Unii Europejskiej," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 2, pages 178-208.
- Tamás Sebestyén & Zita Iloskics, 2020. "Do economic shocks spread randomly?: A topological study of the global contagion network," PLOS ONE, Public Library of Science, vol. 15(9), pages 1-22, September.
- Kang, Sang Hoon & Lahmiri, Salim & Uddin, Gazi Salah & Arreola Hernandez, Jose & Yoon, Seong-Min, 2020.
"Inflation cycle synchronization in ASEAN countries,"
Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 545(C).
- Sang Hoon Kang & Salim Lahmiri & Gazi Salah Uddin & Jose Arreola Hernandez & Seong-Min Yoon, 2020. "Inflation cycle synchronization in ASEAN countries," Post-Print hal-02779489, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ahlborn, Markus & Wortmann, Marcus, 2018. "The core‒periphery pattern of European business cycles: A fuzzy clustering approach," Journal of Macroeconomics, Elsevier, vol. 55(C), pages 12-27.
- Stavros Degiannakis & David Duffy & George Filis, 2014.
"Business Cycle Synchronization in EU: A Time-Varying Approach,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 61(4), pages 348-370, September.
- Degiannakis, Stavros & Duffy, David & Filis, George, 2014. "Business Cycle Synchronisation in EU: A time-varying approach," MPRA Paper 80437, University Library of Munich, Germany.
- Nikolaos Antonakakis & Ioannis Chatziantoniou & George Filis, 2016. "Business Cycle Spillovers in the European Union: What is the Message Transmitted to the Core?," Manchester School, University of Manchester, vol. 84(4), pages 437-481, July.
- Crespo-Cuaresma, Jesús & Fernández-Amador, Octavio, 2013.
"Business cycle convergence in EMU: A first look at the second moment,"
Journal of Macroeconomics, Elsevier, vol. 37(C), pages 265-284.
- Jesús Crespo-Cuaresma & Octavio Fernández-Amador, 2010. "Business cycle convergence in EMU: A first look at the second moment," Working Papers 2010-22, Faculty of Economics and Statistics, Universität Innsbruck.
- Gächter, Martin & Riedl, Aleksandra, 2014.
"One money, one cycle? The EMU experience,"
Journal of Macroeconomics, Elsevier, vol. 42(C), pages 141-155.
- Martin Gächter & Aleksandra Riedl, 2013. "One Money, One Cycle? The EMU Experience," Working Papers 186, Oesterreichische Nationalbank (Austrian Central Bank).
- Petr Rozmahel & Ladislava Issever Grochová & Marek Litzman, 2014. "The Effect of Asymmetries in Fiscal Policy Conducts on Business Cycle Correlation in the EU. WWWforEurope Working Paper No. 62," WIFO Studies, WIFO, number 47249, July.
- Ansgar Belke & Clemens Domnick & Daniel Gros, 2017.
"Business Cycle Synchronization in the EMU: Core vs. Periphery,"
Open Economies Review, Springer, vol. 28(5), pages 863-892, November.
- Belke, Ansgar & Domnick, Clemens & Gros, Daniel, 2016. "Business cycle synchronization in the EMU: Core vs. periphery," Ruhr Economic Papers 659, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Belke, Ansgar & Domnick, Clemens & Gros, Daniel, 2017. "Business Cycle Synchronization in the EMU: Core vs. Periphery," GLO Discussion Paper Series 38, Global Labor Organization (GLO).
- Ansgar Belke & Clemens Domnick & Daniel Gros, 2016. "Business cycle synchronization in the EMU: Core vs. periphery," ROME Working Papers 201608, ROME Network.
- Crespo-Cuaresma, Jesús & Fernández-Amador, Octavio, 2013.
"Business cycle convergence in EMU: A second look at the second moment,"
Journal of International Money and Finance, Elsevier, vol. 37(C), pages 239-259.
- Jesús Crespo-Cuaresma & Octavio Fernández-Amador, 2010. "Business cycle convergence in EMU: A second look at the second moment," Working Papers 2010-25, Faculty of Economics and Statistics, Universität Innsbruck.
- Crespo Cuaresma , Jesus & Fernandez Amador, Octavio, 2010. "Business cycle convergence in EMU: A second look at the second moment," Working Papers in Economics 2010-13, University of Salzburg.
- Gächter, Simon & Riedl, Alesandra & Ritzberger-Grünwald, Doris, 2013. "Business cycle convergence or decoupling? Economic adjustment in CESEE during the crisis," BOFIT Discussion Papers 3/2013, Bank of Finland Institute for Emerging Economies (BOFIT).
- Amalia Repele & Sébastien Waelti, 2021. "Mapping the Global Business Cycle Network," Open Economies Review, Springer, vol. 32(4), pages 739-760, September.
- Michaelides, Panayotis G. & Papageorgiou, Theofanis, 2012. "On the transmission of economic fluctuations from the USA to EU-15 (1960–2011)," Journal of Economics and Business, Elsevier, vol. 64(6), pages 427-438.
- Luboš Hanus & Lukáš Vácha, 2020. "Growth cycle synchronization of the Visegrad Four and the European Union," Empirical Economics, Springer, vol. 58(4), pages 1779-1795, April.
- Antonakakis, Nikolaos & Gogas, Periklis & Papadimitriou, Theophilos & Sarantitis, Georgios Antonios, 2016.
"International business cycle synchronization since the 1870s: Evidence from a novel network approach,"
Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 447(C), pages 286-296.
- Antonakakis, Nikolaos & Gogas, Periklis & Papadimitriou, Theophilos & Sarantitis, Georgios, 2015. "International Business Cycle Synchronization Since the 1870s: Evidence from a Novel Network Approach," DUTH Research Papers in Economics 2-2015, Democritus University of Thrace, Department of Economics.
- Antonakakis, Nikolaos & Gogas, Periklis & Papadimitriou, Theophilos & Sarantitis, Georgios, 2015. "International Business Cycle Synchronization since the 1870s: Evidence from a Novel Network Approach," MPRA Paper 67223, University Library of Munich, Germany.
- Valerija Botric & Tanja Broz, 2016. "Exploring CESEE-EMU Synchronisation Patterns," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(42), pages 255-255, May.
- Svatopluk KAPOUNEK & Jitka POMĚNKOVÁ, 2013.
"The endogeneity of optimum currency area criteria in the context of financial crisis: Evidence from the time-frequency domain analysis,"
Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 59(9), pages 389-395.
- Svatopluk Kapounek & Jitka Pomenkova, 2012. "The Endogeneity of Optimum Currency Areas Criteria in the Context of Financial Crisis: Evidence from Time-Frequency Domain Analysis," MENDELU Working Papers in Business and Economics 2012-31, Mendel University in Brno, Faculty of Business and Economics.
- Periklis Gogas, 2013.
"Business cycle synchronisation in the European Union: The effect of the common currency,"
OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing, Centre for International Research on Economic Tendency Surveys, vol. 2013(1), pages 1-14.
- Periklis Gogas, 2013. "Business Cycle Synchronization in the European Union: The Effect of the Common Currency," Working Paper series 18_13, Rimini Centre for Economic Analysis.
- Martin Gächter & Aleksandra Riedl & Doris Ritzberger-Grünwald, 2013. "Business cycle convergence or decoupling? Economic adjustment of CESEE countries during the crisis," Chapters, in: Ewald Nowotny & Peter Mooslechner & Doris Ritzberger-Grünwald (ed.), A New Model for Balanced Growth and Convergence, chapter 10, pages 147-169, Edward Elgar Publishing.
- David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2012. "Synchronization and Diversity in Business Cycles: A Network Approach Applied to the European Union," CREMA Working Paper Series 2012-01, Center for Research in Economics, Management and the Arts (CREMA).
- Degiannakis, Stavros & Duffy, David & Filis, George, 2013. "Time-varying Business Cycles Synchronisation in Europe," MPRA Paper 52925, University Library of Munich, Germany.
- David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2012.
"Synchronization and Diversity in Business Cycles: A Network Approach Applied to the European Union,"
CREMA Working Paper Series
2012-01, Center for Research in Economics, Management and the Arts (CREMA).
- David Matesanz Gomez & Guillermo J Ortega & Benno Torgler, 2012. "Synchronization and Diversity in Business Cycles: A Network Approach Applied to the European Union," School of Economics and Finance Discussion Papers and Working Papers Series 277, School of Economics and Finance, Queensland University of Technology.
More about this item
Keywords
Correlation networks; European business cycles synchronization; MST; Lead/lags; Causality;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:462:y:2016:i:c:p:287-296. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.