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Specialisation Patterns and the Synchronicity of Regional Employment Cycles in Europe

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Author Info

  • Belke, Ansgar

    ()
    (University of Duisburg-Essen)

  • Heine, Jens M.

    ()
    (affiliation not available)

Abstract

This 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 Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1439.

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Length: 34 pages
Date of creation: Dec 2004
Date of revision:
Publication status: published in: International Economics and Economic Policy, 2006, 3 (2), 91-104
Handle: RePEc:iza:izadps:dp1439

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Keywords: synchronicity; regional business cycles; European Union; regional employment; specialisation;

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References

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Cited by:
  1. Robert Dixon & David Shepherd, 2009. "Regional Dimensions of the Australian Business Cycle," Department of Economics - Working Papers Series, The University of Melbourne 1088, The University of Melbourne.
  2. Carlo Ciccarelli & Stefano Fenoaltea & Tommaso Proietti, 2010. "The effects of unification: markets, policy, and cyclical convergence in Italy, 1861–1913," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), Association Française de Cliométrie (AFC), vol. 4(3), pages 269-292, October.
  3. Andrew Hughes Hallett & Christian Richter, 2008. "Have the Eurozone economies converged on a common European cycle?," International Economics and Economic Policy, Springer, vol. 5(1), pages 71-101, July.
  4. Enrico Marelli, 2007. "Specialisation and Convergence in European Regions," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 4(2), pages 149-178, September.
  5. Iulia Siedschlag & Gabriele Tondl, 2011. "Regional output growth synchronisation with the Euro Area," Empirica, Springer, Springer, vol. 38(2), pages 203-221, May.
  6. Gabriele Tondl & Iulia Traistaru-Siedschlag, 2006. "Regional growth cycle synchronisation with the Euro Area," Papers, Economic and Social Research Institute (ESRI) WP173, Economic and Social Research Institute (ESRI).

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