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| Author: | Peiró, A. |
| Title: | A singular feature of European business cycles |
| Journal: | Kyklos
1998 : VOL. 51:3. p. 399-408 |
| Index terms: | BUSINESS CYCLES PRODUCTION GROWTH JAPAN USA WESTERN EUROPE |
| Language: | eng |
| Abstract: | This paper compares the short-term dependence of quarterly growth rates in industrial production in France, Germany and the United Kingdom, on the one hand, with those of Japan and the U.S.A., on the other. While a clear dependence is found in these last two countries, in the European countries it is weak, non-existent or unstable. Behind this simple evidence lie serious implications concerning European business cycles. |
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