Detail výsledku

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

POMĚNKOVÁ, J.; KAPOUNEK, S.; MARŠÁLEK, R. Variability of dynamic correlation - the evidence of sectoral specialization in V4 countries. Prague Economic Papers, 2014, vol. 23, no. 3, p. 371-384. ISSN: 1210-0455.
Typ
článek v časopise
Jazyk
anglicky
Autoři
Dluhá Jitka, doc. RNDr., Ph.D., PEF MENDELU (), UREL (FEKT)
Kapounek Svatopluk, doc. ing., Ph.D.
Maršálek Roman, prof. Ing., Ph.D., UREL (FEKT)
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.

Klíčová slova

specialization, concentration, dynamic correlation, concordance index, OCA, business cycle

URL
Rok
2014
Strany
371–384
Časopis
Prague Economic Papers, roč. 23, č. 3, ISSN 1210-0455
Vydavatel
VŠE
Místo
Praha
DOI
10.18267/j.pep.489
UT WoS
000343271700006
EID Scopus
2-s2.0-84920816354
BibTeX 
@article{BUT102618,
  author="Jitka {Dluhá} and Svatopluk {Kapounek} and Roman {Maršálek}",
  title="Variability of dynamic correlation - the evidence of sectoral specialization in V4 countries",
  journal="Prague Economic Papers",
  year="2014",
  volume="23",
  number="3",
  pages="371--384",
  doi="10.18267/j.pep.489",
  issn="1210-0455",
  url="https://pep.vse.cz/artkey/pep-201403-0006_Variability-of-Dynamic-Correlation-The-Evidence-of-Sector-Specific-Shocks-in-V4-Countries.php"
}
Pracoviště
Centrum senzorických, informačních a komunikačních systémů (SIX)
Ústav radioelektroniky (UREL)
Nahoru