Advanced Search
MyIDEAS: Login

Synchronization and Distance in the Economic Cycle of the Italian Regions

Contents:

Author Info

  • Brasili Andrea
  • Brasili Cristina
Registered author(s):

    Abstract

    This paper is based on a data set of 20 Italian regional high frequency business indicators proposed in Benni and Brasili (2006) and developed by RegiosS. The aim is to provide an analysis of the characteristics of regional cycles and their co-movements, covering the period 1993-2008. First, we measure the distances among the Italian regional business cycle by using the cohesion measure proposed by Croux, Forni and Reichlin (2001) both on the whole sample and on two sub-samples of the indicators, in order to evaluate if co-movements have increased recently, or if they are affected by the adoption of the Euro currency. Second, we evaluate, along the sample and for all regions, a simple MS-AR in order to observe and compare each region's peaks and troughs. A clustering of regions according to leads and lags properties versus the national business cycle is observed and the emergence of some "counter cyclical" regions and macro-areas is discussed too. These indicators could be useful in policy evaluation and structural analysis.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.rivisteweb.it/download/article/10.1429/30317
    Download Restriction: no

    File URL: http://www.rivisteweb.it/doi/10.1429/30317
    Download Restriction: no

    Bibliographic Info

    Article provided by Società editrice il Mulino in its journal Politica economica.

    Volume (Year): (2009)
    Issue (Month): 2 ()
    Pages: 211-232

    as in new window
    Handle: RePEc:mul:je8794:doi:10.1429/30317:y:2009:i:2:p:211-232

    Contact details of provider:

    Related research

    Keywords: Italian regional cycle; leading indicators approach; cohesion measure; co-movements; structural aspects;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/30317:y:2009:i:2:p:211-232. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.