{"id":51366,"date":"2023-12-01T17:36:55","date_gmt":"2023-12-01T16:36:55","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/the-propagation-of-business-sentiment-within-the-european-union\/"},"modified":"2024-11-07T05:52:18","modified_gmt":"2024-11-07T04:52:18","slug":"the-propagation-of-business-sentiment-within-the-european-union","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/51366\/","title":{"rendered":"The Propagation of Business Sentiment within the European Union?"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-51366","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This paper empirically investigates the propagation of business sentiment within the EU and adds to the literature on shock absorption via a common market's real economy. To this end, we combine EU-wide official business sentiment indicators with world input-output data and information on indirect wage costs. Econometrically, we model interdependencies in economic activities via input-output linkages and apply space-time models. The resulting evidence provides indication for the existence of substantial spillovers in business sentiment formation. Accordingly, and highlighted by the estimated impacts of changes in indirect labour costs, policy reforms aiming at increasing the resilience of the European single market need to take these spillovers into account in order to increase its effectiveness.","onlinedate":"2018-01-19 12:00:00","lang":"English","publication_series":"","publication_date":"20180101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"30","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":371292,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"549","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2018-01-19 12:00:00","types":[44410],"research_groups":[3491],"collaboration":"","persons":[5137,3600],"persons_data":"[{\"personId\":5137,\"personName\":\"Anja Kukuvec\",\"organisationNames\":[]},{\"personId\":3600,\"personName\":\"Harald Oberhofer\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[125684],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Kukuvec, A.<\\\/span><span>, &amp; Oberhofer, H.<\\\/span> (2018). <span>The Propagation of Business Sentiment within the European Union?<\\\/span> <span><em>WIFO Working Papers<\\\/em><\\\/span>, (549). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/60861\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/60861<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Kukuvec A<\\\/span><span>, Oberhofer H<\\\/span>. <span class=\\\"title\\\"><span>The Propagation of Business Sentiment within the European Union?<\\\/span><\\\/span> <span>WIFO Working Papers<\\\/span>. 2018 Jan;(549).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{8dbd287a3ea542c68d0a0b5826763bde,<\\\/div><div>  title    = \\\"The Propagation of Business Sentiment within the European Union?\\\",<\\\/div><div>  abstract = \\\"This paper empirically investigates the propagation of business sentiment within the EU and adds to the literature on shock absorption via a common market's real economy. To this end, we combine EU-wide official business sentiment indicators with world input-output data and information on indirect wage costs. Econometrically, we model interdependencies in economic activities via input-output linkages and apply space-time models. The resulting evidence provides indication for the existence of substantial spillovers in business sentiment formation. Accordingly, and highlighted by the estimated impacts of changes in indirect labour costs, policy reforms aiming at increasing the resilience of the European single market need to take these spillovers into account in order to increase its effectiveness.\\\",<\\\/div><div>  keywords = \\\"Business sentiment, economic fluctuations, input-output linkages, networks, policy reforms, propagation, space-time model\\\",<\\\/div><div>  author   = \\\"Anja Kukuvec and Harald Oberhofer\\\",<\\\/div><div>  note     = \\\"Propagation of Business Sentiment\\\",<\\\/div><div>  year     = \\\"2018\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - The Propagation of Business Sentiment within the European Union?<\\\/p><p>AU  - Kukuvec, Anja<\\\/p><p>AU  - Oberhofer, Harald<\\\/p><p>N1  - Propagation of Business Sentiment<\\\/p><p>PY  - 2018\\\/1<\\\/p><p>Y1  - 2018\\\/1<\\\/p><p>N2  - This paper empirically investigates the propagation of business sentiment within the EU and adds to the literature on shock absorption via a common market's real economy. To this end, we combine EU-wide official business sentiment indicators with world input-output data and information on indirect wage costs. Econometrically, we model interdependencies in economic activities via input-output linkages and apply space-time models. The resulting evidence provides indication for the existence of substantial spillovers in business sentiment formation. Accordingly, and highlighted by the estimated impacts of changes in indirect labour costs, policy reforms aiming at increasing the resilience of the European single market need to take these spillovers into account in order to increase its effectiveness.<\\\/p><p>AB  - This paper empirically investigates the propagation of business sentiment within the EU and adds to the literature on shock absorption via a common market's real economy. To this end, we combine EU-wide official business sentiment indicators with world input-output data and information on indirect wage costs. Econometrically, we model interdependencies in economic activities via input-output linkages and apply space-time models. The resulting evidence provides indication for the existence of substantial spillovers in business sentiment formation. Accordingly, and highlighted by the estimated impacts of changes in indirect labour costs, policy reforms aiming at increasing the resilience of the European single market need to take these spillovers into account in order to increase its effectiveness.<\\\/p><p>KW  - Business sentiment<\\\/p><p>KW  -  economic fluctuations<\\\/p><p>KW  -  input-output linkages<\\\/p><p>KW  -  networks<\\\/p><p>KW  -  policy reforms<\\\/p><p>KW  -  propagation<\\\/p><p>KW  -  space-time model<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Propagation of Business Sentiment within the European Union? 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