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A Few Regressions Onbusiness Cycle Synchronization Between Thenew Member States And The Euro Area

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  • IVAN TODOROV
  • NIKOLAY PATONOV

    (SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD)

Abstract

This investigation uses panel data to measure the effects of financial integration, trade and specialization on business cycle convergence between the new member states outside the Europe area. Some of our empirical results agree with economic theory and some do not. We attempt to put an emphasis on the empirical results that are not in accordance with the theory predictions and find an appropriate explanation for them. Section 2 reviews literature and gives some recent data. Section 3 represents the data and methodology used and interprets the results. Section 4 draws conclusions.

Suggested Citation

  • Ivan Todorov & Nikolay Patonov, 2012. "A Few Regressions Onbusiness Cycle Synchronization Between Thenew Member States And The Euro Area," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 8(2), pages 9-22.
    • Handle: RePEc:neo:journl:v:8:y:2012:i:2:p:9-22
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    References listed on IDEAS

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    Cited by:

    1. Viktor M. Dinev, 2017. "Risks and benefits for new member states of the European Union in their entry in the Euro area in the context of the debt crisis," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 112-130.
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    3. Ivan Todorov & Aleksandar Aleksandrov & Kalina Durova, 2018. "Future Euro Area Membership Of Bulgaria In Terms Of The Business Cycle," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 3-14.
    4. Viktor Dinev, 2017. "“Macroeconomic Imbalances” Factor for the Euro Area Debt Crisis," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 142-177.

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