Business cycles synchronization and clustering in Europe (1960–2009)

• Published in: Journal of economics and business Vol. 62; no. 5; pp. 419 - 470
• Main Authors: Papageorgiou, Theofanis, Michaelides, Panayotis G., Milios, John G.
• Format: Journal Article
• Language: English
• Published: New York Elsevier Inc 01.09.2010; Elsevier; Elsevier Science Ltd
• Series: Journal of Economics and Business
• Subjects: 1960-2009; Business cycles; Cluster analysis; Clustering; Correlation analysis; Correlations; Correlations Synchronization Clustering Rolling window Europe; Economics; EU-Staaten; Europe; Institutioneller Wandel; Konjunkturzusammenhang; Regionale Konjunktur; Rolling window; Studies; Synchronization; Zentrum-Peripherie-Beziehungen; Europe; Rolling window; C10; F42; Correlations; Europe; F15; F59; Synchronization; Clustering

This paper deals with business cycle synchronization and clustering in Europe. It makes an attempt to answer some fundamental economic questions regarding European countries’ business cycles in the 1960–2009 time span, by breaking the period down into three sub-periods based on major institutional c...