Business cycle synchronization within the Euro area: disentangling the effects of FDI

Štiblárová, Ľubica

doi:10.1080/13504851.2021.2008297

Cited by 9 publications

(3 citation statements)

References 9 publications

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“…Fourth, some of the indicators are actually aggregations of others, based on surveys and built with ordinal scales. The mentioned aggregation problems were also addressed by Filippone et al (2001) and Stiblarova (2021). The index analysis reveals a fragile relationship between the behavior of the FDI phenomenon and the progress of the GWI, for each one of the 12 economies included in the GWI (Nardo et al, 2005;Zambujal-Oliveira and Pinheiro-Alves, 2012;Amaral, 2013).…”

Section: Discussionmentioning

confidence: 97%

Foreign direct investment: robustness analysis of an attractiveness index

Zambujal-Oliveira

Amaral²

2022

Int Trans Operational Res

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One of the most heavily employed tools to define countries' policies are the attractiveness indexes. The main purpose of our paper is to formally verify the capacity of an attractiveness index to describe the phenomenon of Foreign Direct Investment (FDI). Severe weaknesses were detected through the use of a framework (principal components analysis and Cronbach's alpha reliability) to analyse indexes, regarding the theoretical background and the adequate selection of indicators, especially the ones from the bottom. Additionally, the study demonstrated that the analyzed FDI attractiveness index built to formally aggregate the factors that impacts foreign direct investment can hardly be applied to emerging economies.

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Section: Discussionmentioning

confidence: 97%

Foreign direct investment: robustness analysis of an attractiveness index

Zambujal-Oliveira

Amaral²

2022

Int Trans Operational Res

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“…Finally, Stiblarova (2023) examined the effect of extensive and intensive FDI margins on the synchronization of the euro area countries. This study concludes that an increase in new FDI leads to less synchronized business cycles among euro area countries, mainly because the new FDI enhances specialization.…”

Section: Business Cycles Synchronization At Country Levelmentioning

confidence: 99%

Business Cycles Synchronization: Literature Review

Stoforos,

Degiannakis,

Delis

et al. 2024

JEA

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<p class="MsoNormal" style="margin-top: 12.0pt;"><span lang="EN-US" style="mso-bidi-font-size: 10.5pt; font-family: 'Cambria',serif; mso-fareast-font-family: 宋体; mso-bidi-font-family: 'Times New Roman';">Following the seminal paper on Optimum Currency Areas (OCA) by Mundell (1961) a wealth of literature has been published on the business cycles synchronisation and its main determinants. This work provides a systematic review of this research field both at country-level synchronization and regional level. The paper aims to evaluate the contribution of the related literature’s methodologies to the measurement of the business cycle and the estimation of the level of synchronization. The discussion of the collected papers is expected to substantially assist researchers, practitioners, and policy makers keen to employ themselves in the area of business cycles synchronisation. </span></p>

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“…The BCS is often used to explain determining factors in the formation of a single currency. Many empirical researches have previously revealed the close relationship between BCS and Optimum Currency Area (OCA) (Campos, Fidrmuc, & Korhonen 2019;Stiblarova, 2023). On the other hand, the BCS is also associated with international trade.…”

Section: Introductionmentioning

confidence: 99%

The Indonesia-Middle East Business Cycle Synchronization

Agustiar

2023

JEBIK

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This study aims to analyze the business cycle synchronization (BCS) between Indonesia and 14 Middle Eastern countries and its determinants. The BCS was measured using BCS Index. The panel data was analysed using Feasible General Least Square with estimated coefficients. The results show that the Indonesia-Middle East BCS is strong in terms of index and trend. Trade openness positively and significantly affects the BCS. This study provides evidence for the endogeneity of trade relations and the BCS. Price factors, such as inflation and exchange rates, are more difficult to forecast. This information allows stakeholders to promote Indonesia’s open trade policies and liberalization in the Middle East. This study proposes an update for how Indonesia and Middle East have benefited from the openness of trade and investment that exists between them. The BCS indices and trends in the two regions are important sources for expanding their economic partnership.JEL: E32, F13, N95, C33.

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Business cycle synchronization within the Euro area: disentangling the effects of FDI

Cited by 9 publications

References 9 publications

Foreign direct investment: robustness analysis of an attractiveness index

Foreign direct investment: robustness analysis of an attractiveness index

Business Cycles Synchronization: Literature Review

The Indonesia-Middle East Business Cycle Synchronization

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