Business Cycle Dynamics: An empirical analysis of macro, firm-level and regional data

Bierbaumer-Polly, Jürgen (2016): Business Cycle Dynamics: An empirical analysis of macro, firm-level and regional data. Dissertation, LMU München: Faculty of Economics

Abstract

In this dissertation I address business cycle analysis on the macro, the firm-level, and the regional dimension. In Chapter I, following the traditional macroeconomic (i.e. aggregated) view, I focus on composite leading indicators for the Austrian economy which help in catching turning points as early as possible and in forecasting economic activity more accurately. In Chapter II, I utilise individual firm-specific data for Austrian manufacturing firms, which allow studying the (macroeconomic) consistency of business tendency survey responses and taking firm-level heterogeneity explicitly into account. Firm-level, industry- and region-specific structural characteristics permit controlling for additional microeconomic heterogeneity. Finally, in Chapter III, I examine the evolution of business cycle synchronisation and specialisation patterns between EU regions (at the NUTS-3 level), and I analyse the effect of two distinct EU-enlargement steps (i.e. Eastern enlargement in 2004 and Northern enlargement in 1995) on these measures.

• Item Type: Theses (Dissertation, LMU Munich)
• Keywords: Business cycle, leading indicator, survey data, eu-accession
• Subjects: 300 Social sciences; 300 Social sciences > 330 Economics
• Faculties: Faculty of Economics
• Language: English
• Date of oral examination: 29. April 2016
• 1. Referee: Flaig, Gebhard
• Signature of the printed copy: 0001/UMC 23813