Result Details

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.
Type
journal article
Language
English
Authors
Dluhá Jitka, doc. RNDr., Ph.D., UREL (FEEC)
Kapounek Svatopluk, doc. ing., Ph.D.
Maršálek Roman, prof. Ing., Ph.D., UREL (FEEC)
Abstract

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.

Keywords

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

URL
Published
2014
Pages
371–384
Journal
Prague Economic Papers, vol. 23, no. 3, ISSN 1210-0455
Publisher
VŠE
Place
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"
}
Departments
Centre of Sensor, Information and Communication Systems (SIX)
Department of Radio Electronics (UREL)
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