Homogeneity of economic performance in the euro area

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43907862" target="_blank" >RIV/62156489:43110/15:43907862 - isvavai.cz</a>
Result on the web
<a href="https://ece.pefka.mendelu.cz/sites/default/files/imce/ece_2015_final.pdf" target="_blank" >https://ece.pefka.mendelu.cz/sites/default/files/imce/ece_2015_final.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Homogeneity of economic performance in the euro area
Original language description
In order to test for the homogeneity/heterogeneity hypothesis of monetary integration this paper examines the economic performance of the individual euro area countries on the basis of dynamic cluster analysis using indicators of macroeconomic balance and competitiveness over the period 1999-2013. The results show that the heterogeneity of economic performance of the euro area countries has risen over time, therefore it seems, that the euro introduction per se is not a sufficient condition for promotinghigher homogeneity among the euro area countries. Further, two distinct clusters of countries have emerged among the euro area countries over time: core and periphery. Members of the core are Germany, France, Italy, Austria, Finland, Netherlands, Belgium and Luxembourg, whereas the periphery consists from Greece, Portugal, Spain and Ireland. While looking at the homogeneity/heterogeneity of the core, no evidence for increasing heterogeneity among the core countries has been found, thus
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Enterprise and Competitive Environment: Conference Proceedings
ISBN
978-80-7509-342-4
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
696-705
Publisher name
Mendelova univerzita v Brně
Place of publication
Brno
Event location
Brno
Event date
Mar 5, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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