PT  - JOURNAL ARTICLE
AU  - Kapounek, Svatopluk
AU  - Lacina, Lubor
TI  - Business cycle synchronization among member countries of Eurozone during the process of European integration
DP  - 2014 Nov 19
TA  - Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
PG  - 75--90
VI  - 55
IP  - 6
AID - 10.11118/actaun200755060075
IS  - 12118516
AB  - The paper deals with the correlation of the business cycles between the Eurozone member states in the period 1957-2003. The analysed period is divided into the four parts (1959-1972, 1973-1985, 1986-1994, 1995-2003), which correspond to integration waves and relate approximately to the European integration process. The empirical analysis is based on the time series correlation. The authors discuss the impact of the EC enlargements on the business cycles correlation as well as on qualitative changes in the interaction between the states.