Template-Type: ReDIF-Paper 1.0
Title: Internationalists, Regionalists, or Eurocentrists
Author-Name: Url, Thomas
Author-Workplace-Name: Austrian Institute of Economic Research
Author-Workplace-Postal: Austrian Institute of Economic Research, P.O.Box 
    91, A-1103 Vienna,
Abstract: The paper classifies small open economies in Europe into three 
    categories. First, countries moving primarily in line with 
    international fluctuations. Second, countries responding mainly to 
    shocks at the EU level, and third, countries where fluctuations can be 
    attributed essentially to domestic shocks. A variance decomposition of 
    residuals from a Structural Vector Autoregression model is used for 
    this classification. The results allow an assessment of the degree of 
    real integration in Europe and of the benefits and costs from further 
    steps of integration.
Keywords: International Business Fluctuations; European Integration
Classification-JEL: E32; F15
Creation-Date: 1996-04-01
Length: 40 pages
Series: Working Paper
Number: 51
Handle: RePEc:hhs:nierwp:0051
