Examining the drivers of business cycle divergence between Euro Area and Romania

This research aims to provide an explanatory analyses of the business cycles divergence between Euro Area and Romania, respectively its drivers, since the synchronisation of output-gaps is one of the most important topic in the context of a potential EMU accession. According to the estimates, output...

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Main Author:	Ionuț JIANU
Format:	Article
Language:	English
Published:	General Association of Economists from Romania 2020-06-01
Series:	Theoretical and Applied Economics
Subjects:	output-gap business cycles divergence euro area romania
Online Access:	http://store.ectap.ro/articole/1450.pdf

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spelling	doaj-f71bcc2d32a04bab95f85423577138c22020-11-25T03:24:09ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292020-06-01XXVII2193218418678Examining the drivers of business cycle divergence between Euro Area and RomaniaIonuț JIANU0 Bucharest University of Economic Studies, Romania This research aims to provide an explanatory analyses of the business cycles divergence between Euro Area and Romania, respectively its drivers, since the synchronisation of output-gaps is one of the most important topic in the context of a potential EMU accession. According to the estimates, output-gaps synchronisation entered on a downward path in the subperiod 2010-2017, compared to 2002-2009. The paper demonstrates there is a negative relationship between business cycles divergence and three factors (economic structure convergence, wage structure convergence and economic openness), but also a positive relationship between it and its autoregressive term, respectively the GDP per capita convergence. http://store.ectap.ro/articole/1450.pdf output-gapbusiness cyclesdivergenceeuro arearomania
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Ionuț JIANU
spellingShingle	Ionuț JIANU Examining the drivers of business cycle divergence between Euro Area and Romania Theoretical and Applied Economics output-gap business cycles divergence euro area romania
author_facet	Ionuț JIANU
author_sort	Ionuț JIANU
title	Examining the drivers of business cycle divergence between Euro Area and Romania
title_short	Examining the drivers of business cycle divergence between Euro Area and Romania
title_full	Examining the drivers of business cycle divergence between Euro Area and Romania
title_fullStr	Examining the drivers of business cycle divergence between Euro Area and Romania
title_full_unstemmed	Examining the drivers of business cycle divergence between Euro Area and Romania
title_sort	examining the drivers of business cycle divergence between euro area and romania
publisher	General Association of Economists from Romania
series	Theoretical and Applied Economics
issn	1841-8678 1844-0029
publishDate	2020-06-01
description	This research aims to provide an explanatory analyses of the business cycles divergence between Euro Area and Romania, respectively its drivers, since the synchronisation of output-gaps is one of the most important topic in the context of a potential EMU accession. According to the estimates, output-gaps synchronisation entered on a downward path in the subperiod 2010-2017, compared to 2002-2009. The paper demonstrates there is a negative relationship between business cycles divergence and three factors (economic structure convergence, wage structure convergence and economic openness), but also a positive relationship between it and its autoregressive term, respectively the GDP per capita convergence.
topic	output-gap business cycles divergence euro area romania
url	http://store.ectap.ro/articole/1450.pdf
work_keys_str_mv	AT ionutjianu examiningthedriversofbusinesscycledivergencebetweeneuroareaandromania
_version_	1724602978023768064

Examining the drivers of business cycle divergence between Euro Area and Romania

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