Browsing by Subject "meta-analysis"

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  • Campos, Nauro F.; Fidrmuc, Jarko; Korhonen, Iikka (2017)
    Bank of Finland Research Discussion Papers 28/2017
    Published in International Review of Financial Analysis 61 ; January ; 2019 https://doi.org/10.1016/j.irfa.2018.11.012
    This paper offers a first systematic evaluation of the evidence on the effects of currency unions on the synchronisation of economic activity. Focusing on Europe, we construct a database of about 3,000 business cycle synchronisation coefficients as well as their design and estimation characteristics. We find that: (1) synchronisation increased from about 0.4 before the introduction of the euro in 1999 to 0.6 afterwards; (2) this increase occurred in both euro and non-euro countries (larger in former); (3) there is evidence of country-specific publication bias; (4) our difference-in-differences estimates suggest the euro accounted for approximately half of the observed increase in synchronisation.
  • Fidrmuc, Jarko; Korhonen, Iikka (Wiley, 2018)
    Pacific Economic Review 3
    Published in BOFIT Discussion Papers 6/2015.
    We review previous research on China's business cycle correlation with other economies applying meta‐analysis. We survey 71 papers analysing the different periods of Chinese economic development since the 1950s that were published in English or Chinese. We confirm that Pacific Rim economies in particular have relatively high business cycle correlation with China. It appears that many characteristics of the studies and authors influence the reported degree of business cycle synchronization. For instance, Chinese‐language papers report higher correlation coefficients. Despite this, we do not detect robust evidence for publication bias in the papers. Moreover, we show that the broad evidence does not confirm the popular decoupling hypothesis.
  • Fidrmuc, Jarko; Korhonen, Iikka (2015)
    BOFIT Discussion Papers 6/2015
    Published in Pacific Economic Review, 23, 3, 2018, 385-410
    We summarize previous research on China’s business cycle correlation with other countries with the help of meta-analysis techniques. We survey 71 related papers along with all the characteristics of the estimations as well as those of the authors. We confirm that especially Pacific Rim countries have relatively high business cycle correlation with China. However, it appears that many characteristics of the studies and authors do influence the reported degree of business cycle synchronization. For instance, Chinese-language papers report higher correlation coefficients. Despite of this, we do not detect a robust publication bias in the papers.