Publication detail

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

POMĚNKOVÁ, J. KAPOUNEK, S. MARŠÁLEK, R.

Original Title

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

Type

journal article in Web of Science

Language

English

Original 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

Authors

POMĚNKOVÁ, J.; KAPOUNEK, S.; MARŠÁLEK, R.

RIV year

2014

Released

6. 10. 2014

Publisher

VŠE

Location

Praha

ISBN

1210-0455

Periodical

PRAGUE ECON PAP

Year of study

23

Number

3

State

Czech Republic

Pages from

371

Pages to

384

Pages count

14

URL

https://pep.vse.cz/artkey/pep-201403-0006_Variability-of-Dynamic-Correlation-The-Evidence-of-Sector-Specific-Shocks-in-V4-Countries.php

BibTex

@article{BUT102618,
  author="Jitka {Poměnková} and Svatopluk {Kapounek} and Roman {Maršálek}",
  title="Variability of dynamic correlation - the evidence of sectoral specialization in V4 countries",
  journal="PRAGUE ECON PAP",
  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"
}