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. The Royal Swedish Academy of Sciences ( 2004 ): Finn Kydland and Edward Prescott’s Contribution to Dynamic Macroeconomics: The Time Consistency of Economic Policy and the Driving Forces behind Business Cycles . October 11, https

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. ( 2018 ): Does Islamic Banking Offer a Natural Hedge for Business Cycles? Evidence from a Dual Banking System . Journal of Financial Stability 36 : 22 – 38 . https://doi.org/10.1016/j.jfs.2018

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strategies, business cycles, and economic performance . Strategic Management Journal 9 : 99 – 110 10.1002/smj.4250090202 . Arthur , WB 2007 The structure of invention . Research

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Acta Oeconomica
Authors: Ivan Vujačić, Jelica Petrović-Vujačić, Svetozar Tanasković, and Marko Miljković

business cycle downturns. The results show the presence of convergence among the EU member states (EU-25) and among the CEE-10, and some divergence among the EU-15. This leads to the conclusion that there was a catching-up process. However, the crisis has

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Entrepreneurship and Management Journal , 11 ( 1 ): 149 – 168 . 10.1007/s11365-013-0277-0 Schumpeter , J. A. ( 1934 ): The Theory of Economic Development: An Inquiry into Profits, Capital, Credits, Interest, and the Business Cycle . Piscataway : Transaction

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in Europe – Business Cycle and Institutional Effects . International Economics and Economic Policy 13 ( 1 ): 5 – 25 . 10.1007/s10368-015-0331-1 Edmunds , J. – Turner , B. S . ( 2002 ): Generations, Culture, and Society . Philadelphia : Open

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measures created additional problems. Institutional incompleteness, uncoordinated national business cycles and the lack of countercyclical policies led to the accumulation of large stocks of undiversified national public debt securities by national banks

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-directional. As regards the impact of FDI on GDP, the new theories of growth assume the positive impact of capital on production growth in both short- and long-term. For examples, in the models developed by the followers of the real business cycle arguments are

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Stress Analysis in the Republic of Serbia . Economic Themes , 55 ( 1 ): 55 – 69 . Hamilton , J. D. ( 1989 ): A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle . Econometrica , 57 : 357 – 384 . Hansen , B

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Acta Oeconomica
Authors: Jorge de Andrés-Sánchez, Ángel Belzunegui-Eraso, and Francesc Valls-Fonayet

, T. (eds): Child Well-Being, Child Poverty and Child Policy in Modern Nations: What Do We Know . Bristol : Policy Press , 371 – 405 . 10.2307/j.ctt1t892w4.25 Quah , C. H. ( 2014 ): Revisiting Business Cycles in the Eurozone: A Fuzzy

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