Vanhaelen, Jean-Jacques; Dresse, Luc; De Mulder, Jan - 2000
industrial confidence indicators for Belgium and for the euro area, and the statistical significance of the differences in timing … has been assessed using the Randomization Test proposed by Banerji. We conclude that the turning points in Belgium do in … confidence indicator is not really surprising, as changes in the business cycle stages in Belgium seem to have been ahead of …