Sectoral Business Cycle Synchronization in the European Union

Davide Furceri, António Afonso

Risultato della ricerca: Articlepeer review

7 Citazioni (Scopus)

Abstract

This paper analyses sectoral business cycle synchronization in an enlarged European Union using annual data for the period 1980-2005. In particular, we try to identify which sector for each country is driving the aggregate output business cycle synchronization. Overall, the sectors that provide the most relevant contribution are Industry, Building and Construction, and Agriculture, Fishery and Forestry. In contrast, the Services sector, the largest one in terms of valued added share, shows a relative low business cycle synchronization and volatility, contributing only marginally to the aggregate output business cycle synchronization.
Lingua originaleEnglish
pagine (da-a)2996-3014
Numero di pagine19
RivistaEconomics Bulletin
Volume2009
Stato di pubblicazionePublished - 2009

All Science Journal Classification (ASJC) codes

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