Specialisation patterns and the synchronicity of regional employment cycles in Europe
AbstractThis paper examines the degree of correlation of EU regional employment cycles and attempts to show whether these cycles reflect changing patterns of specialisation. By focusing on the regional level and by employing three different indicators of similarity of sectoral structure, it improves on existing studies. A dynamic panel data model is estimated pairs of regions by within groups, i.e., by a standard fixed effects estimator. Special attention is paid to capture the rich dynamics which are typical of employment data. The key finding is that employment growth is more synchronised when regions look alike in their sectoral structure.
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Bibliographic InfoArticle provided by Springer in its journal International Economics and Economic Policy.
Volume (Year): 3 (2006)
Issue (Month): 2 (November)
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Web page: http://www.springerlink.com/link.asp?id=111059
Regional employment; European union; Regional business cycles; Specialisation; Synchronicity;
Other versions of this item:
- Belke, Ansgar & Heine, Jens M., 2004. "Specialisation Patterns and the Synchronicity of Regional Employment Cycles in Europe," IZA Discussion Papers 1439, Institute for the Study of Labor (IZA).
- Ansgar Belke & Jens Michael Heine, 2002. "Specialisation Patterns and the Synchronicity of Regional Employment Cycles in Europe," Diskussionspapiere aus dem Institut fÃ¼r Volkswirtschaftslehre der UniversitÃ¤t Hohenheim 210/2002, Department of Economics, University of Hohenheim, Germany.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- F15 - International Economics - - Trade - - - Economic Integration
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
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