scholarly journals China in the World Economy: Dynamic Correlation Analysis of Business Cycles

2008 ◽  
Author(s):  
Jarko Fidrmuc ◽  
Iikka Korhonen ◽  
Ivana Bátorová
Keyword(s):  
Correlation Analysis ◽  
Business Cycles ◽  
World Economy ◽  
Dynamic Correlation ◽  
The World

scholarly journals China in the World Economy: Dynamic Correlation Analysis of Business Cycles

2012 ◽  
Vol 59 (2) ◽  
pp. 392-411 ◽  
Author(s):  
J. Fidrmuc ◽  
I. Korhonen ◽  
I. Batorova
Keyword(s):  
Correlation Analysis ◽  
Business Cycles ◽  
World Economy ◽  
Dynamic Correlation ◽  
The World

scholarly journals China's Emergence in the World Economy and Business Cycles in Latin America

Economía ◽  
2012 ◽  
Vol 12 (2) ◽  
pp. 1-75 ◽  
Author(s):  
Ambrogio Cesa-Bianchi ◽  
M. Hashem Pesaran ◽  
Alessandro Rebucci ◽  
TengTeng Xu
Keyword(s):  
Latin America ◽  
Business Cycles ◽  
World Economy ◽  
The World

scholarly journals Digitalization as a Trend of Modern Development of the World Economy

2022 ◽  
Vol 18 ◽  
pp. 120-129
Author(s):  
Nataliia Bezrukova ◽  
Larysa Huk ◽  
Hanna Chmil ◽  
Liudmyla Verbivska ◽  
Olena Komchatnykh ◽  
...  
Keyword(s):  
European Union ◽  
The Netherlands ◽  
Correlation Analysis ◽  
World Economy ◽  
Union Member ◽  
Digital Technologies ◽  
The European Union ◽  
Member States ◽  
The World ◽  
European Union Member States

Transformation of economies with the application of information and communication technologies not only strengthens the competitiveness of countries in the international market, but also helps optimize and improve business processes in the international business environment. The purpose of the academic paper is to study the impact of digitalization on the development of the world economy on the example of the economies of the European Union member states. The following methods have been used, namely: analysis, description, generalization, induction, deduction, tabular representation, graphical representation, correlation analysis, systematization and grouping. Results: The positions of the European Union member states that are actively implementing the Digital Single Market strategy have been analyzed. It has been established that according to The Digital Economy and Society Index (DESI), Finland, Sweden, Denmark, the Netherlands and Malta have been among the top 5 leaders with the highest level of digitalization of the economy in 2020. Based on the study of The IMD World Digital Competitiveness Ranking, it has been found that the European Union member states, which are among the top 10 leading countries, such as: Denmark, Sweden and the Netherlands, have a high level of ability and readiness to research and implement digital technologies in order to achieve economic transformation and business transformation. The results of the correlation analysis have revealed the interrelationship between the values of Digital single market – promoting e-commerce for individuals and Enterprises that have provided training to develop / upgrade ICT skills of their personnel (%). It has been proved that Sweden, Malta and Estonia show a very high positive correlation, which indicates that these countries are actively implementing digital technologies in the development of economic processes.

scholarly journals China’s Emergence in the World Economy and Business Cycles in Latin America

2011 ◽  
Author(s):  
Ambrogio Cesa-Bianchi ◽  
M. Hashem Pesaran ◽  
Alessandro Rebucci ◽  
TengTeng Xu
Keyword(s):  
Latin America ◽  
Business Cycles ◽  
World Economy ◽  
The World

scholarly journals China's Emergence in the World Economy and Business Cycles in Latin America

2011 ◽  
Author(s):  
M. Hashem Pesaran ◽  
Alessandro Rebucci ◽  
TengTeng Xu
Keyword(s):  
Latin America ◽  
Business Cycles ◽  
World Economy ◽  
The World

Prospects for the Development of a Systemic Global Economic Crisis

2019 ◽  
Vol 7 (1) ◽  
pp. 4-7
Author(s):  
Елена Басовская ◽  
Elena Basovskaya ◽  
Леонид Басовский ◽  
Leonid Basovskiy
Keyword(s):  
Business Cycles ◽  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Developed Countries ◽  
Modern World ◽  
Way Of Life ◽  
Half Wave ◽  
The World ◽  
Global Economic Crisis

The work is devoted to forecasting the prospects for the development of a systemic economic crisis of the world economy. Forecasting is carried out on the base of N. Kondratyev econometric models of cycles in the world economy and the economies of the largest countries of the modern world. The results obtained allow us to establish that the beginning of Kondratiev’s upward halfwaves relates to the years 1999–2001. The expected duration of the period of the modern Kondratyev cycle is 50–54 years. The results of the study of the dynamics of the world economy, the results of studies of the economic dynamics of developed countries shows that the start of the upward half-waves of the Kondratieff cycle is expected in 1999–2001 goals. It can be associated with the transition to dominance of the fifth technological order, the emergence of the sixth way of life and the beginning of the death of the fourth technological way. The completion of the downward wave of this Kondratiev cycle and the systemic global economic crisis associated with the transition to the dominance of the sixth technological order should expected in 2049–2055. Since the likelihood of economic crises with business cycles, financial and investment cycles begins to increase with the transition to the downward half-wave of the Kondratyev cycle, from 2024–2027 one can expect a deepening of periodic crisis phenomena in the global economy.

scholarly journals Spurious synchronization of business cycles – Dynamic correlation analysis of V4 countries

2012 ◽  
Vol 60 (4) ◽  
pp. 181-188 ◽  
Author(s):  
Svatopluk Kapounek ◽  
Jitka Poměnková
Keyword(s):  
Correlation Analysis ◽  
Business Cycles ◽  
Time Domain ◽  
Economic Activity ◽  
Methodological Approach ◽  
Full Range ◽  
Dynamic Correlation ◽  
Currency Area ◽  
The Business Cycle ◽  
Visegrád Countries

The purpose of our paper is to define rules for decision of existence spurious synchronization of countries within the currency area. We devote this new methodological approach from an empirical research based on the variability of a dynamic correlation (correlation in frequency domain). We analyze the dynamic correlation in full range and in the business cycle frequencies as well. We also consider lags in economic activity co-movements. Contrary to the standard approach we show its insufficiency especially in case of time domain instruments. For this goal GDP values in quarters of the four Visegrad countries and the Eurozone in the period 1997/Q1–2011/Q1 are used.

scholarly journals China’s emergence in the world economy and business cycles in Latin America∗

2013 ◽  
pp. 195-211 ◽  
Author(s):  
Ambrogio Cesa-Bianchi ◽  
M. Hashem Pesaran ◽  
Alessandro Rebucci ◽  
TengTeng Xu
Keyword(s):  
Latin America ◽  
Business Cycles ◽  
World Economy ◽  
The World

scholarly journals Looking for asymmetries over the Mexican business cycle

2010 ◽  
Vol 69 (271) ◽  
Author(s):  
Pablo Mejía Reyes ◽  
Miguel Ángel Díaz Carreño
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
World Economy ◽  
Economic Policies ◽  
Growth Cycles ◽  
Turn On ◽  
Transmission Mechanisms ◽  
The World ◽  
Empirical Methodology ◽  
Deep Recession

In the context of the dominance of the Keynesian paradigm and the use of economic policies to stabilise economic fluctuations, the world economy experienced decades of sustained growth. Nonetheless, the mid-1970s witnessed a severe crisis and a deep recession that called the attention of researchers to revisit the analysis of the nature of business cycles (BC). Ever since, numerous theories have been put forward to investigate their causes, transmission mechanisms and effects. in turn, on the emperical side, different methodologies have been introduced to analyse the main features of business cycles, but soon two of them became the most popular in the literature. The first one is called growth cycles, an approach linked to the real BC theory proposed by Lucas (1977) and to the empirical methodology by Kydland and Prescott (1990).

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