The Propagation of Business Expectations within the European Union

Anja Kukuvec and Harald Oberhofer
Authors registered in the RePEc Author Service: Anja Sebbesen

No 8198, CESifo Working Paper Series from CESifo

Abstract: This paper empirically investigates the propagation of fims’ expectations within the European Union (EU). To this end, we combine EU-wide official business survey data with world input-output data. Econometrically, we model interdependencies in economic activities via input-output-linkages and apply space-time models with common factors. The resulting evidence provides indication for the existence of substantial spillovers in expectation formation. They are transmitted both upstream and downstream the European value chain, but the latter channel matters more.

Keywords: business expectation formation; propagation; input-output linkages; spillovers; space-time model (search for similar items in EconPapers)
JEL-codes: C23 D84 E70 L14 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-eec and nep-ore
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.cesifo.org/DocDL/cesifo1_wp8198.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_8198

Access Statistics for this paper

More papers in CESifo Working Paper Series from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().