Authors:
Dejan Živkov Novi Sad School of Business, University of Novi Sad, Vladimira Perića Valtera 4, 21000 Novi Sad, Serbia

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Slavica Manić Faculty of Economics in Belgrade, University of Belgrade, Belgrade, Serbia

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Jasmina Đurašković Academy of Applied Technical Studies, Belgrade, Serbia

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Mirela Momčilović Novi Sad School of Business, University of Novi Sad, Vladimira Perića Valtera 4, 21000 Novi Sad, Serbia

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Abstract

This paper shows how the three economic policy uncertainties (EPUs), namely global economic uncertainty, US economic policy uncertainty and German economic policy uncertainty, impact the industrial production of 8 Central and Eastern European countries. The investigation is done in both time and frequency domains, using the wavelet coherence and wavelet correlation approaches. The US EPU has the strongest effect on all industrial productions, while this effect was recorded during the global financial crisis and the corona virus pandemic. The most intense effect was found in the time-horizon between 4 and 8 months. The Czech Republic and Hungary suffer the strongest impact from EPU, probably because these two economies have relatively high ratio of export (import) vis-à-vis GDP. We fail to find very strong and wide areas of coherence in the Slovakian plot, although Slovakia has the highest level of export (import) to GDP. However, the wavelet correlation findings indicate that Slovakia has relatively high negative correlation at third wavelet scale, which is perfectly in compliance with its high export (import) share in GDP.

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  • Attig, N.El Ghoul, S.Guedhami, O.Zheng, X. (2021): Dividends and Economic Policy Uncertainty: International Evidence. Journal of Corporate Finance, 66: 101785.

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  • Choi, S.-Y. (2020): Industry Volatility and Economic Uncertainty Due to the COVID–19 Pandemic: Evidence from Wavelet Coherence Analysis. Finance Research Letters, 37: 101783.

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  • Dash, S. R.Maitra, D.Debata, B.Mahakud, J. (2021): Economic Policy Uncertainty and Stock Market Liquidity: Evidence from G7 Countries. International Review of Finance, 21(2): 611626.

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  • Fidrmuc, J.Kapounek, S.Junge, F. (2020): Cryptocurrency Market Efficiency: Evidence from Wavelet Analysis. Czech Journal of Economics and Finance, 70(2): 121144.

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  • Gulen, H.Ion, M. (2016): Policy Uncertainty and Corporate Investment. Review of Financial Studies, 29(3): 523564.

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  • Nguyen, M.H.Trinh, V.Q. (2023): U.K. Economic Policy Uncertainty and Innovation Activities: A Firm-Level Analysis. Journal of Economics and Business, 123: 106093.

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  • Nilavongse, R.Rubaszek, M.Uddin, G. S. (2020): Economic Policy Uncertainty Shocks, Economic Activity, and Exchange Rate Adjustments. Economics Letters, 186: 108765.

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  • Njegić, J.Živkov, D.Damnjanović, J. (2017): Business Cycles Synchronization Between EU15 and the Selected Eastern European Countries – The Wavelet Coherence Approach. Acta Oeconomica, 67(4): 539556.

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  • Solarin, S. A.Gil-Alana, L. A. (2021): The Persistence of Economic Policy Uncertainty: Evidence of Long-Range Dependence. Physica A: Statistical Mechanics and Its Applications, 568: 125698.

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  • Tao, R.Li, Z.-Z.Li, X.-L.Su, C.-W. (2018): A Re-Examination of Friedman–Ball's Hypothesis in Slovakia – Evidence from Wavelet Analysis. Romanian Journal of Economic Forecasting, 21(4): 4154.

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  • Tran, Q. T. (2021): Economic Policy Uncertainty and Cost of Debt Financing: International Evidence. North American Journal of Economics and Finance, 57: 101419.

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  • Zhou, K.Kumar, S.Yu, L.Jiang, X. (2021): The Economic Policy Uncertainty and the Choice of Entry Mode of Outward Foreign Direct Investment: Cross-Border M&A or Greenfield Investment. Journal of Asian Economics, 74: 101306.

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Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Beáta Farkas / Faculty of Economics and Business Administration, University of Szeged
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: vanyai.judit@krtk.hu  

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2022  
Web of Science  
Total Cites
WoS
314
Journal Impact Factor 0.8
Rank by Impact Factor

Economics 334/380
TBA

Impact Factor
without
Journal Self Cites
0.6
5 Year
Impact Factor
0.8
Journal Citation Indicator 0.29
Rank by Journal Citation Indicator

Economics 421/581

 

Scimago  
Scimago
H-index
18
Scimago
Journal Rank
0.23
Scimago Quartile Score

Economics and Econometrics Q3

Scopus  
Scopus
Cite Score
1.1
Scopus
CIte Score Rank
Economics and Econometrics 521/705 (26th PCTL)
TBA
Scopus
SNIP
0.540

2021  
Web of Science  
Total Cites
WoS
285
Journal Impact Factor 0,939
Rank by Impact Factor Economics 326/379
Impact Factor
without
Journal Self Cites
0,646
5 Year
Impact Factor
0,740
Journal Citation Indicator 0,34
Rank by Journal Citation Indicator Economics 389/570
Scimago  
Scimago
H-index
15
Scimago
Journal Rank
0,285
Scimago Quartile Score Economics and Econometrics (Q3)
Scopus  
Scopus
Cite Score
1,4
Scopus
CIte Score Rank
Economics and Econometrics 436/696 (Q3)
Scopus
SNIP
0,507

2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
SNIP  
Days from  289
submission  
to acceptance  
Days from  447
acceptance  
to publication  

2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

Acta Oeconomica
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Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

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