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The emergence of a European region: Business cycles in South-East Europe from political independence to World War II

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The emergence of a European region: Business cycles in South-East Europe from political independence to World War II. / Morys, Matthias; Ivanov, Martin.

In: European Review of Economic History, Vol. 19, No. 4, 15.11.2015, p. 382-411.

Research output: Contribution to journal › Article › peer-review

Harvard

Morys, M & Ivanov, M 2015, 'The emergence of a European region: Business cycles in South-East Europe from political independence to World War II', European Review of Economic History, vol. 19, no. 4, pp. 382-411. https://doi.org/10.1093/ereh/hev011

APA

Morys, M., & Ivanov, M. (2015). The emergence of a European region: Business cycles in South-East Europe from political independence to World War II. European Review of Economic History, 19(4), 382-411. https://doi.org/10.1093/ereh/hev011

Vancouver

Morys M, Ivanov M. The emergence of a European region: Business cycles in South-East Europe from political independence to World War II. European Review of Economic History. 2015 Nov 15;19(4):382-411. https://doi.org/10.1093/ereh/hev011

Author

Morys, Matthias ; Ivanov, Martin. / The emergence of a European region: Business cycles in South-East Europe from political independence to World War II. In: European Review of Economic History. 2015 ; Vol. 19, No. 4. pp. 382-411.

Bibtex - Download

@article{a4cb11d42d56435c96ef491f85df4177,
title = "The emergence of a European region:: Business cycles in South-East Europe from political independence to World War II",
abstract = "Relying on dynamic factor business cycle indices for five South-East European countries (Austria(-Hungary), Bulgaria, Greece, Romania, Serbia/Yugoslavia), we document steadily increasing synchronisation as part of a pan-European business cycle before 1913 and the emergence of a regional business cycle (including and radiating from Germany) in the interwar period. These dynamics were largely driven by trade, involving initially England, France and Germany but increasingly centred on Germany. Our results also show that the Balkan countries travelled a long way from an economic backwater of Europe in the 1870s to a much more integrated part of the European economy six decades later.",
keywords = "South-East European business cycle, national historical accounts, common dynamic factor analysis",
author = "Matthias Morys and Martin Ivanov",
year = "2015",
month = nov,
day = "15",
doi = "10.1093/ereh/hev011",
language = "English",
volume = "19",
pages = "382--411",
journal = "European Review of Economic History",
issn = "1361-4916",
publisher = "Cambridge University Press",
number = "4",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - The emergence of a European region:

T2 - Business cycles in South-East Europe from political independence to World War II

AU - Morys, Matthias

AU - Ivanov, Martin

PY - 2015/11/15

Y1 - 2015/11/15

N2 - Relying on dynamic factor business cycle indices for five South-East European countries (Austria(-Hungary), Bulgaria, Greece, Romania, Serbia/Yugoslavia), we document steadily increasing synchronisation as part of a pan-European business cycle before 1913 and the emergence of a regional business cycle (including and radiating from Germany) in the interwar period. These dynamics were largely driven by trade, involving initially England, France and Germany but increasingly centred on Germany. Our results also show that the Balkan countries travelled a long way from an economic backwater of Europe in the 1870s to a much more integrated part of the European economy six decades later.

AB - Relying on dynamic factor business cycle indices for five South-East European countries (Austria(-Hungary), Bulgaria, Greece, Romania, Serbia/Yugoslavia), we document steadily increasing synchronisation as part of a pan-European business cycle before 1913 and the emergence of a regional business cycle (including and radiating from Germany) in the interwar period. These dynamics were largely driven by trade, involving initially England, France and Germany but increasingly centred on Germany. Our results also show that the Balkan countries travelled a long way from an economic backwater of Europe in the 1870s to a much more integrated part of the European economy six decades later.

KW - South-East European business cycle, national historical accounts, common dynamic factor analysis

U2 - 10.1093/ereh/hev011

DO - 10.1093/ereh/hev011

M3 - Article

VL - 19

SP - 382

EP - 411

JO - European Review of Economic History

JF - European Review of Economic History

SN - 1361-4916

IS - 4

ER -

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