Preliminary communication

Correlations between metallurgical, machinery and construction sectors during the latest economic cycle

C. Popescu ; Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iasi, Romania
G. C. Mursa ; Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iasi, Romania

Abstract

The purpose of this article is to highlight the correlations from the latest economic cycle (2001-2014) between the metallurgical, the construction and the machinery sectors in the European Union, in general, and in Romania, in particular. Using ANCOVA models, this analysis has three major objectives: first, to show that the machinery industry and the construction sector have a general impact on the metallurgy industry, regardless of the business cycle phases; secondly, to underline that the size of this impact differs across these phases and, thirdly, to illustrate that the relations between the three sectors were quite different in Romania and in the European Union. The interpretation of the results shows that the assumptions are largely confirmed.

Keywords

metallurgical sector; machinery; constructions; business cycle; Ancova models

Hrčak ID:

146507

URI

https://hrcak.srce.hr/146507

Publication date:

1.4.2016.

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