The propagation of business expectations within the European Union

Anja Sebbesen*, Harald Oberhofer

*Korrespondierende*r Autor*in für diese Arbeit

Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in FachzeitschriftBegutachtung

Abstract

This paper empirically investigates the propagation of firm expectations within the European Union (EU). To this end, we combine information from EU-wide official business surveys with input–output data. Econometrically, we model interdependencies in economic activities via input–output linkages and apply space-time models with common factors. The resulting evidence provides indication for the existence of substantial spillover effects in expectation formation. They are transmitted both upstream and downstream the European value chain, but the latter channel matters more.
OriginalspracheEnglisch
Seiten (von - bis)1082-1103
FachzeitschriftJournal of Applied Econometrics
Jahrgang39
Ausgabenummer6
Frühes Online-Datum2024
DOIs
PublikationsstatusVeröffentlicht - Okt. 2024

Zitat