Financial and Trade Integration of Selected EU Regions: Dynamic Correlation and Wavelet Approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86095930" target="_blank" >RIV/61989100:27510/15:86095930 - isvavai.cz</a>

Alternative codes found

RIV/00216305:26220/15:PU115464

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Financial and Trade Integration of Selected EU Regions: Dynamic Correlation and Wavelet Approach

Original language description

We evaluate the process of financial and trade integration in 26 European Union (EU) countries over the period 1993 - 2012. We distinguish between "new" and "old" EU countries to compare the processes of financial and trade integration in the developed countries and formerly central-planned economies. We use classical and moving correlation, dynamic correlation, and wavelet cospectrum. Classical and moving correlation shows the strong relation until 2008. Dynamic correlation confirms strong relation for long and business cycle frequencies. Specification via wavelet cospectrum reveals that long frequencies are correlated in the period 2000 - 2009, business cycle frequencies in the period 1993 - 1994 and 2003 - 2004 and middle frequencies generally in the period 2008 - 2010. The process of financial integration was stronger in the old EU member countries while the process of trade integration in the new member countries.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

BB - Applied statistics, operational research

OECD FORD branch

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Project

Result was created during the realization of more than one project. More information in the Projects tab.

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomický časopis

ISSN

0013-3035

e-ISSN

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Volume of the periodical

63

Issue of the periodical within the volume

7

Country of publishing house

SK - SLOVAKIA

Number of pages

19

Pages from-to

686-704

UT code for WoS article

000366062300002

EID of the result in the Scopus database

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