Relationship between cyclical fluctuations in the banking and the services sector in Poland
Relationship between cyclical fluctuations in the banking and the services sector in Poland

Author(s): Robert Skikiewicz
Subject(s): Economy, National Economy, Business Economy / Management, Micro-Economics, Economic policy, Economic development, EU-Accession / EU-DEvelopment
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: banking sector;services sector;cyclical fluctuations;business tendency survey;
Summary/Abstract: The aim of the paper is to explore the relationship between the business tendency survey indicators for the banking sector and the sections and divisions of the services sector in Poland. In the paper, the results are presented of analyses conducted on the basis of data from the business tendency surveys. The time range of analyses covers the period from the first quarter of 2003 to the first quarter of 2020. The data for the banking sector stem from the survey which is carried out quarterly by the Department of Market Research and Services of the Poznań University of Economics and Business. The data for the eleven sections and two divisions of the services sector (according to the Polish PKD code classification) were obtained from the survey conducted by Statistics Poland on a monthly basis. The monthly data were transformed into quarterly with the use of two formulas. In the paper, the results are presented of cross-correlation analysis, in which the maximum length of lags and leads equal four quarters was adopted.

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