An Analysis of Industry Regimes Synchronization in the Eurozone

Bibliographic Data

ID10070192
AuthorsJosé G Dias (0000-0002-2267-815X, Instituto Universitário de Lisboa (ISCTE‐IUL) BRU‐IUL, Lisboa, Portugal), Sofia B Ramos (0000-0001-6089-573X, Instituto Universitário de Lisboa (ISCTE‐IUL) BRU‐IUL, Lisboa, Portugal)
Year2014
Volume53
Issue2
Pages255-273
Publication date2014-08-24
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJCMS Journal of Common Market Studies (JOURNAL)
Journal identifiersISSN: 0021-9886 • E-ISSN: 1468-5965
PublisherWiley (PUBLISHER • GB)
DOI10.1111/jcms.12197
OpenAlexW1827980911
LanguageEN
Citations received1
References cited43

Geographical versus industrial diversification has been the subject of much debate in equity investment strategies. This article revisits this issue and analyzes the contention that if national factors have lost importance since the launch of the euro, then the regime dynamics of industry indexes in the eurozone countries should be more similar. Results show a core group of country‐industry indexes sharing the same regime dynamics, which comprise the majority of industry indexes of F rance and G ermany. After the euro launch, a group of industry indexes gained more similarities with the core group of the eurozone – notably industries from I taly, S pain and F inland. Nevertheless, dynamics in a small group of industries did not change. Overall, synchronization between country‐industry indexes has increased except for a small group of industries

Business · Core (optical fiber · Diversification (marketing strategy · Economic geography · Economics · Equity (law · International economics · International trade · Political science · Telecommunications · Engineering · Global Financial Crisis and Policies · Market Dynamics and Volatility · Marketing · Monetary Policy and Economic Impact

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