new EU members

Business Cycle Sychronization in the Enlarged EU

JEL codes: 
E32, F41
Version Date: 
Jul 2005

This paper analyses the synchronization of business cycles between new and old EU members using various measures. The main findings are that Hungary, Poland and Slovenia have achieved a high degree of synchronization for GDP, industry and exports, but not for consumption and services. The other CEECs have achieved less or no synchronization.

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