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2013 | 11(17) | 31-48

Article title

A breakdown of sector performance of the visegrad countries and germany in light of structural convergence

Content

Title variants

Languages of publication

EN

Abstracts

EN
The aim of this contribution is to analyze a breakdown of sector performance of the Visegrad countries and Germany in light of structural convergence. The macroeconomic view on structural convergence was researched by the estimation of business cycle synchronization of pairs of countries. The microeconomic aspect of structural convergence is characterized by the breakdown of sector performance of the analyzed countries and the application of the Krugman specialization index.

Year

Issue

Pages

31-48

Physical description

Dates

published
2013

Contributors

  • Matej Bel University in Banska Bystrica
  • Matej Bel University in Banska Bystrica

References

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  • Barro R.J., Sala-i-Martin X., Convergence, “Journal of Political Economy” 1992, Vol. 100, pp. 223-251.
  • Benčík M., Business cycle synchronisation between the V4 countries and the euro area, National Bank of Slovakia, Research Paper 1/2011.
  • De Grauwe P., The Political Economy of Monetary Union in Europe, 7th ed., Oxford University Press, 2007.
  • Fidrmuc J., The endogeneity of the optimum currency area criteria, intra-industry trade, and EMU enlargement, “Contemporary Economic Policy, Western Economic Association International” 2004, Vol. 22(1), pp. 1-12.
  • Fidrmuc J., Korhonen I., The Euro Goes East: Implications of the 2000-2002 Economic Slowdown for Synchronisation of Business Cycles between the Euro Area and CEECs, BOFIT, 2003.
  • Fujita M., Krugman P., Veblen A.J., The Spatial Economy: Cities, Regions and International Trade, MIT Press, 1999.
  • Höhenberger N., Schmiedeberg C., Structural Convergence of European Countries, Center for European, Governance and Economic Research Development, Discussion Paper No. 75, July 2008.
  • Krugman P., Geography and Trade, MIT Press, 1991a.
  • Krugman P., Increasing returns and economic geography, “Journal of Political Economy” 1991b, Vol. 99, 183-199.
  • Lein-Rupprecht S.M., León-Ledesma M.A., Nerlich C., How is real convergence driving nominal convergence in the new EU member states? European Central Bank, Working Paper Series, November 2007, No. 827.
  • Wacziarg R., Structural convergence, Stanford University, prepared for the International Seminar on Macroeconomics in Dublin, Ireland, 8-9 June, 2001.

Document Type

Publication order reference

Identifiers

ISSN
1644-6739

YADDA identifier

bwmeta1.element.desklight-3daf1a6e-c968-4370-87e8-d4dd6d8e77dd
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