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Pautas cíclicas de la economía andaluza en el período 1984-2001: un análisis comparado

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Abstract

In this paper we characterize some cyclical patterns for the Andalusian economy, for the period 1984-2001. Our work is basically an empirical one. Our results show that the Andalusian economy is more volatile than Spain as a whole, although there exist an important degree of coherence between both economies. This result holds at the aggregate level and at the industry level. On average, GDP growth has been higher in Andalusia during expansions, although it has been lower during recessions. The relationship between the fluctuations of income and the fluctuations of the number of unemployed people is shown to be clearly negative, as the theory would predict, but the coefficient of the relation is lower in the case of Andalusia. Moreover, we find the relation not to be symmetric. For a given increase in production, unemployment gets reduced in a larger fraction than the increase that would present in recessions under the same, but negative, increase in production.

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  • Javier J. Pérez & Jesús Rodríguez López & Teresa Leal, 2002. "Pautas cíclicas de la economía andaluza en el período 1984-2001: un análisis comparado," Economic Working Papers at Centro de Estudios Andaluces E2002/18, Centro de Estudios Andaluces.
    • Handle: RePEc:cea:doctra:e2002_18
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    More about this item

    Keywords

    Business cycles; Unemployment; Asymmetries; Regional Economics;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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