Spectral analysis of business cycles in Poland and its major trading partners
Journal Title: Operations Research and Decisions - Year 2017, Vol 27, Issue 1
Abstract
The properties of business cycles in Poland and its major trading partners have been examined. The business cycle synchronization (BCS) between Poland and other countries was studied in order to assess the impact of international trade on BCS. The author applies a modification of the Fourier anal-ysis to the estimation of cycle amplitudes and frequencies. This allows more precise estimation of the cycle characteristics than the traditional approach. Cross-spectral analysis of the cyclical components of GDP for Poland and its major trading partners enables us to study the relationships between business cycles in these countries. Comparing the international structure of Polish trade with that of EU members with the cross-spectral characteristics of GDP series allows us to investigate the links between interna-tional trade and business cycle synchronization.
Authors and Affiliations
Aleksander KIJEK
Keywords
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Spectral analysis of business cycles in Poland and its major trading partners
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