@article{vod2012impact,
  title = {The Impact that Business Cycles Has on the Development of Different Economies: Evidence from France and Romania},
  author = {Ana Iolanda Vodă and Cătălin Chiriac},
  year = 2012,
  url = {https://ibimapublishing.com/articles/JESR/2012/227551/},
  journal = {Journal of Economics Studies and Research},
  volume = (2012),
  pages = 12,
  doi = DOI: 10.5171/2012.227551,
  abstract = {This paper examines the impact of economic business cycles focusing on emerging and developed economies, specific issues, mostly regarding France and Romanian cases. In extension of the theoretical constructions on business cycles, the analysis of the phenomenon is completed by empirical tests designed to classify, quantify and explain the various stages of the cycle.We will try through applying HP filter to extract the cyclical component for France. By doing this we can determine peak, through and the turning points of economical activity. In this paper we will also focus on three macroeconomic variables: growth in GDP, employment and industrial production.We find that under crisis conditions the majority of the efforts at a macroeconomic level focus on the measures of fighting against it and on the possibilities to enter a new phase of the cycle, the recovery phase. In this point the approaches grow different from one another, but centred around two main guidelines. The first one speaks about stimuli groups for investments, direct investments and public expenses according to government policies. The second guideline gathers the proponents of the private initiative and of the laissez-faire that promotes the ‘private’ stimulation of the demand for investment and innovation.},
  keywords = {Economic development, business cycle, economic crisis, emerging economies.},
  note = Article ID: 227551
}