Detail publikačního výsledku

Variability of dynamic correlation - the evidence of sectoral specialization in V4 countries

POMĚNKOVÁ, J.; KAPOUNEK, S.; MARŠÁLEK, R.

Originální název

Variability of dynamic correlation - the evidence of sectoral specialization in V4 countries

Anglický název

Variability of dynamic correlation - the evidence of sectoral specialization in V4 countries

Druh

Článek WoS

Originální abstrakt

We propose novel methodological approach to identify sectoral specialization in terms of economic cycle synchronization. We use dynamic measurement of comovement via lagged dynamic correlation and its variability. For the empirical evidence we use data of Visegrads countries, Germany and the euro area. The results are discussed in the context of Krugman specialization hypothesis. Our findings show higher specialization of countries which have significant comovements with high variability of dynamic correlation.

Anglický abstrakt

We propose novel methodological approach to identify sectoral specialization in terms of economic cycle synchronization. We use dynamic measurement of comovement via lagged dynamic correlation and its variability. For the empirical evidence we use data of Visegrads countries, Germany and the euro area. The results are discussed in the context of Krugman specialization hypothesis. Our findings show higher specialization of countries which have significant comovements with high variability of dynamic correlation.

Klíčová slova

specialization, concentration, dynamic correlation, concordance index, OCA, business cycle

Klíčová slova v angličtině

specialization, concentration, dynamic correlation, concordance index, OCA, business cycle

Autoři

POMĚNKOVÁ, J.; KAPOUNEK, S.; MARŠÁLEK, R.

Vydáno

06.10.2014

Nakladatel

VŠE

Místo

Praha

ISSN

1210-0455

Periodikum

Prague Economic Papers

Svazek

23

Číslo

3

Stát

Česká republika

Strany od

371

Strany do

384

Strany počet

14

URL

https://pep.vse.cz/artkey/pep-201403-0006_Variability-of-Dynamic-Correlation-The-Evidence-of-Sector-Specific-Shocks-in-V4-Countries.php

BibTex

@article{BUT102618,
  author="Jitka {Dluhá} and Svatopluk {Kapounek} and Roman {Maršálek}",
  title="Variability of dynamic correlation - the evidence of sectoral specialization in V4 countries",
  journal="Prague Economic Papers",
  year="2014",
  volume="23",
  number="3",
  pages="371--384",
  doi="10.18267/j.pep.489",
  issn="1210-0455",
  url="https://pep.vse.cz/artkey/pep-201403-0006_Variability-of-Dynamic-Correlation-The-Evidence-of-Sector-Specific-Shocks-in-V4-Countries.php"
}