Business Cycles in European Post-Communist Countries

• DOI: 10.5709/ce.1897-9254.235
• Publication Date: 2017-07-03T13:36:42Z
• Authors: Karol Szomolányi; Martin Lukáčik; Adriana Lukáčiková
• Keywords: Post-Communist

The European post-communist countries that have integrated into the Union are emerging market economies.However, their short-run economic performance does not correspond to observed business cycles of other global markets.The studied longer, and recessions more pronounced.Moreover, activity in is relatively low volatile, trade balance government purchases a significant countercyclical character.These core conclusions from our cycle study chosen countries.In study, we use both traditional contemporary definitions.Using definitions, determine peaks, troughs, expansions contractions quantify durations amplitudes expansions, cycles.Using measure cyclical properties by computing first second moments macroeconomic components growth rates.Differences characteristics between discussed with reference works authors.