Sharp estimates of approximation of periodic functions in H\"older spaces

The main purpose of the paper is to study sharp estimates of approximation of periodic functions in the H\"older spaces $H_p^{r,\alpha}$ for all $0<p\le\infty$ and $0<\alpha\le r$. By using modifications of the classical moduli of smoothness, we give improvements of the direct and inverse theorems of approximation and prove the criteria for the precise order of decrease of the best approximation in these spaces. Moreover, we obtained strong converse inequalities for general methods of approximation of periodic functions in $H_p^{r,\alpha}$.