Detail publikace

The Synchronization of Financial and Trade Integration of the EU10 Countries by Using the Method of Classical and Dynamic Correlation

POMĚNKOVÁ, J. KUČEROVÁ, Z.

Originální název

The Synchronization of Financial and Trade Integration of the EU10 Countries by Using the Method of Classical and Dynamic Correlation

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

Financial and trade integration are interconnected processes and should not be assessed separately. Using a data sample of EU10 member countries over the period 1993-2012 we assess the relationship between financial and trade integration in the EU10 member countries. As the basic measurement of the dependence between indicators we use the method classical correlation. Because the sample size is small and with respect to the annual character of the data, we additionally calculate the moving correlation to evaluate behaving dependence in the time. Consequently we apply the method of dynamic correlation which provides a detailed view to the structure of dependency also from the frequency point of view. The result of the dynamic correlation is used for validation of the results obtained from the previous methodological steps. The empirical evidence of the dependence is validated across all three mentioned approaches. We conclude that there is a strong linear association between financial and trade integration in the pre-crisis period (1993-2007) in the EU10 countries. However, this relationship was seriously weakened by the financial crisis (2008-2010). We also found out, that the progress in financial integration was smaller compared to the progress of trade integration in the EU10 countries.

Klíčová slova

financial integrationforeign tradeinternational investment positioncorrelation analysis

Autoři

POMĚNKOVÁ, J.; KUČEROVÁ, Z.

Vydáno

1. 12. 2013

Nakladatel

COLL POLYTECHNICS JIHLAVATOLSTEHO 1556-16, JIHLAVA, 586 01, CZECH REPUBLIC

ISBN

978-80-87035-76-4

Kniha

MATHEMATICAL METHODS IN ECONOMICS 2013, PTS I AND II

Strany od

488

Strany do

493

Strany počet

6

URL

https://www.webofscience.com/wos/woscc/full-record/WOS:000335578000083

BibTex

@inproceedings{BUT188379,
  author="Jitka {Dluhá} and Zuzana {Kučerová}",
  title="The Synchronization of Financial and Trade Integration of the EU10 Countries by Using the Method of Classical and Dynamic Correlation",
  booktitle="MATHEMATICAL METHODS IN ECONOMICS 2013, PTS I AND II",
  year="2013",
  pages="488--493",
  publisher="COLL POLYTECHNICS JIHLAVATOLSTEHO 1556-16, JIHLAVA, 586 01, CZECH REPUBLIC",
  isbn="978-80-87035-76-4",
  url="https://www.webofscience.com/wos/woscc/full-record/WOS:000335578000083"
}