INDUSTRIAL INDICATORS AND THEIR INFLUENCE ON THE V4 COUNTRIES BUSINESS CYCLES

Industrial indicators can be a useful alternative in measuring business cycles evolution instead of GDP in the V4 countries. The most popular among these alternative indicators is the index of industrial production used by the OECD. But this indicator does not fit all the countries in the world. For...

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Bibliographic Details
Published in:Aktualʹni problemy ekonomiky 2015-02 (164), p.169
Main Authors: Tkacova, Andrea, Sinicakova, Marianna, Kralik, Andrea
Format: Article
Language:English
Subjects:
Business cycles
Economic indicators
GDP
Gross Domestic Product
Studies
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Summary:Industrial indicators can be a useful alternative in measuring business cycles evolution instead of GDP in the V4 countries. The most popular among these alternative indicators is the index of industrial production used by the OECD. But this indicator does not fit all the countries in the world. For example, its application is not convenient in less industrialized countries. However, this is not the case of the V4 countries analyzed in this paper. The aim of our paper is to define the relationship between business cycles of the V4 countries and the selected indicators of industry. We try to find out whether these indicators can replace GDP and whether they are suitable for monitoring business cycles of the V4 countries.
ISSN:1993-6788