GLOBALIZATION IN THE CONTEXT OF COINTEGRATION SELECTED COUNTRIES

The observed changes in demographics indicate that the situation of Polish population and other countries is difficult. The changes are reflected in the labor market, capital market, globalization, standard of living and similar aspects. Given the importance and scale of the problem which is work, employment, globalization, unemployment, wages, fertility etc. in the article is an attempt to find a group of countries most similar to each other because of the analyzed factors, namely finding a country together most cointegrated. The condition to talk about cointegration two indicators, is the situation is that the two indicators are not stationary formed in subsequent periods in a similar way, ie. That changes in value are in a constant relationship. In the study, co-integration in a a global sense, used wavelet analysis. Using the properties approximating wavelets selected state cointegrated. Then they set a common wavelet trend line. In addition, in a article describes the basic properties of wavelet analysis and describes the algorithm of approximation. Presented in the article considering theoretical and mathematical, have been applied to the analysis of real data. The study covered the period 2000-2014 year. The data necessary for the calculations were taken from the Eurostat database. The study are based on Daubechies wavelet.