Disentangling different patterns of business cycle synchronicity in the EU regions
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| 024 | 7 | 0 | |a 10.1007/s10663-014-9268-9 |2 doi |
| 035 | |a (NATIONALLICENCE)springer-10.1007/s10663-014-9268-9 | ||
| 245 | 0 | 0 | |a Disentangling different patterns of business cycle synchronicity in the EU regions |h [Elektronische Daten] |c [Ageliki Anagnostou, Ioannis Panteladis, Maria Tsiapa] |
| 520 | 3 | |a The present paper provides a comprehensive and consolidated analysis of the business cycle synchronicity between European regions and EU-14. Our study is conducted in three levels. First, we analyse regional business cycle synchronization with the EU-14 benchmark cycle, using real GDP in 200 NUTS II regions for a period of 30years (1980-2009), detrended by Hodrick-Prescott filter. Secondly, we employ a VAR type methodology as a measurement devise to examine the dynamic relationship of the regional business cycles. Our main interest is to study the dynamics of business cycles as well as the pattern of the transmission mechanism to regions with different level of development. Finally, we empirically extend the research on identifying factors which might drive regional business cycle synchronization. In particular, we analyse the role of trade integration-cum- the sectoral patterns of specialisation as determinants of regional growth cycle correlations with the EU-14. Moreover, we draw attention to regional productivity as another possible determinant of business cycle synchronisation associated with the pattern of the spatial distribution of economic activities across regions. Panel three-stage least-squares estimation is implemented for the simultaneous equations between determinants and regional business cycles synchronisation. | |
| 540 | |a Springer Science+Business Media New York, 2014 | ||
| 690 | 7 | |a Business cycles |2 nationallicence | |
| 690 | 7 | |a Synchronization |2 nationallicence | |
| 690 | 7 | |a 3SLS |2 nationallicence | |
| 690 | 7 | |a Panel VAR |2 nationallicence | |
| 690 | 7 | |a Impulse response function |2 nationallicence | |
| 690 | 7 | |a EU 14 regions |2 nationallicence | |
| 700 | 1 | |a Anagnostou |D Ageliki |u Department of Economics, University of Thessaly, Volos, Greece |4 aut | |
| 700 | 1 | |a Panteladis |D Ioannis |u Department of Planning and Regional Development, University of Thessaly, Volos, Greece |4 aut | |
| 700 | 1 | |a Tsiapa |D Maria |u Department of Planning and Regional Development, University of Thessaly, Volos, Greece |4 aut | |
| 773 | 0 | |t Empirica |d Springer US; http://www.springer-ny.com |g 42/3(2015-08-01), 615-641 |x 0340-8744 |q 42:3<615 |1 2015 |2 42 |o 10663 | |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10663-014-9268-9 |q text/html |z Onlinezugriff via DOI |
| 898 | |a BK010053 |b XK010053 |c XK010000 | ||
| 900 | 7 | |a Metadata rights reserved |b Springer special CC-BY-NC licence |2 nationallicence | |
| 908 | |D 1 |a research-article |2 jats | ||
| 949 | |B NATIONALLICENCE |F NATIONALLICENCE |b NL-springer | ||
| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.1007/s10663-014-9268-9 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Anagnostou |D Ageliki |u Department of Economics, University of Thessaly, Volos, Greece |4 aut | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Panteladis |D Ioannis |u Department of Planning and Regional Development, University of Thessaly, Volos, Greece |4 aut | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Tsiapa |D Maria |u Department of Planning and Regional Development, University of Thessaly, Volos, Greece |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Empirica |d Springer US; http://www.springer-ny.com |g 42/3(2015-08-01), 615-641 |x 0340-8744 |q 42:3<615 |1 2015 |2 42 |o 10663 | ||