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SEASONALITY IMPACT ON VARIANCE OF METALLURGICAL INDUSTRY INDEX IN EUROPEAN UNION

10.15660/AUOFMTE.2016-1.3212

Marian ZAHARIA, Rodica Manuela GOGONEA, Aniela BALACESCU

marianzaharia53@gmail.com

Volume XXV (XV), 2016/1

Metallurgical industry is a significant activity for the present and future of each member state of the EU. Due to increasing efficiency and competitiveness manifested in the industry, this assertion is justified by the role of jobs multiplier, industrial production, and gross added value, contributing to economic development. This context has led to a study that involves monthly evolutionary trend analysis of the sample the variance of index productions in industry manufacture of basic metals under the impact of seasonality, for EU countries. Application and interpretation of econometric models are trying to capture aspects of developments during 2000-2015, given the international situation with the economic crisis and economic and financial decisions specific to each EUcountry.

Keywords—economic crisis, EU, metallurgical industry, production index, sample variance

ISSN 1583-0691, CNCSIS "Clasa B+"