Detail publikace

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

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

Jazyk

en

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.

BibTex


@article{BUT102618,
  author="Jitka {Poměnková} and Svatopluk {Kapounek} and Roman {Maršálek}",
  title="Variability of dynamic correlation - the evidence of sectoral specialization in V4 countries",
  annote="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.",
  address="VŠE",
  chapter="102618",
  institution="VŠE",
  number="3",
  volume="2014",
  year="2014",
  month="october",
  pages="371--384",
  publisher="VŠE",
  type="journal article"
}