• Media type: E-Book
  • Title: The Propagation of Business Expectations within the European Union
  • Contributor: Kukuvec, Anja [Author]; Oberhofer, Harald [Other]
  • imprint: [S.l.]: SSRN, [2020]
  • Published in: CESifo Working Paper ; No. 8198
  • Extent: 1 Online-Ressource (40 p)
  • Language: English
  • DOI: 10.2139/ssrn.3570302
  • Identifier:
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2020 erstellt
  • Description: 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
  • Access State: Open Access