Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/218859
Authors: 
Jianu, Ionut
Year of Publication: 
2020
Citation: 
[Journal:] Theoretical and Applied Economics [ISSN:] 1844-0029 [Volume:] 27 [Issue:] 2 [Pages:] 19-32
Abstract: 
This research aims to provide an explanatory analyses of the business cycles divergence between Euro Area and Romania, respectively its drivers, since the synchronisation of output-gaps is one of the most important topic in the context of a potential EMU accession. According to the estimates, output-gaps synchronisation entered on a downward path in the subperiod 2010-2017, compared to 2002-2009. The paper demonstrates there is a negative relationship between business cycles divergence and three factors (economic structure convergence, wage structure convergence and economic openness), but also a positive relationship between it and its autoregressive term, respectively the GDP per capita convergence.
Subjects: 
output-gap
business cycles
divergence
Euro Area
Romania
JEL: 
C32
O47
F44
F45
L16
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-sa/4.0/
Document Type: 
Article
Document Version: 
Published Version

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