The Synchronization of Financial and Trade Integration of the EU10 Countries by Using the Method of Classical and Dynamic Correlation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086846" target="_blank" >RIV/61989100:27510/13:86086846 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Synchronization of Financial and Trade Integration of the EU10 Countries by Using the Method of Classical and Dynamic Correlation
Original language description
Financial and trade integration are interconnected processes and should not be assessed separately. Using a data sample of EU10 member countries over the period 1993-2012 we assess the relationship between financial and trade integration in the EU10 member countries. As the basic measurement of the dependence between indicators we use the method classical correlation. Because the sample size is small and with respect to the annual character of the data, we additionally calculate the moving correlation to evaluate behaving dependence in the time. Consequently we apply the method of dynamic correlation which provides a detailed view to the structure of dependency also from the frequency point of view. The result of the dynamic correlation is used for validation of the results obtained from the previous methodological steps. The empirical evidence of the dependence is validated across all three mentioned approaches. We conclude that there is a strong linear association between financial a
Czech name
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Czech description
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Project
<a href="/en/project/GAP403%2F11%2F2073" target="_blank" >GAP403/11/2073: Procyclicality of financial markets, asset price bubbles and macroprudential regulation</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Mathematical Methods in Economics 2013 : 31st international conference : 11-13 September 2013, Jihlava, Czech Republic
ISBN
978-80-87035-76-4
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
488-493
Publisher name
College of Polytechnics Jihlava
Place of publication
Jihlava
Event location
Jihlava
Event date
Sep 11, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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