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El ciclo económico de Cataluña. Un análisis de la simetría respecto a España y a la UEM/Catalonia's Business Cycle. An Analysis of the Symmetry in Relation to Spain and the EMU

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  • SALÁ RIOS, MERCÉ

    () (Universidad de Lleida Departamento de Economía Aplicada Campus Cappont, Av. Jaume II, 73 25001 Lleida Teléfono 973 70 33 05 Fax 973 70 33 00)

  • FARRÉ PERDIGUER, MARIONA

    () (Departamento Economía Aplicada, UNIVERSIDAD DE LLEIDA, ESPAÑA.)

  • TORRES SOLÉ, TERESA

    () (Departamento de Economía Aplicada. Universidad de Lleida. Campus Cappont, Av. Jaume II, 73 25001 Lleida Teléfono 973 70 33 05 Fax 973 70 33 00)

Abstract

ciclo de España y con el de la UEM en el periodo 2000-2010. El objetivo es confirmar la hipótesis que con la integración, el ciclo económico catalán presenta mayor grado de sincronización con el ciclo de la UEM que con el de la economía española. Se trata de evaluar si el border effect de la región ha disminuido con el proceso de integración a la UEM, llevando a que los linkages con países/regiones vecinos compensen a nivel regional shocks específicos del país. Los resultados tienden a mostrar que Cataluña ha incrementado su grado de simetría con el ciclo de la UEM y se ha alejado del ciclo de la economía española. Dos de los factores que ayudan a explicar este proceso son que Cataluña ha incremento la intensidad comercial y ha disminuido su especialización productiva con respecto a la UEM y además lo haya hecho en mayor grado del que se detecta en la intensidad comercial y en la especialización con España. This paper analyses business cycle synchronization of Catalonia in relation to Spain and EMU cycle, during the period 2000-2010. The aim is to know to what extent the Catalan business cycle has a greater degree of synchronization with EMU cycle rather than with the Spanish one. The question is to evaluate if the border effect in the region has decreased with the EMU integration. That is that the linkages with neighboring countries/regions could compensate the country effect to regional scale. The results tend to show that Catalonia has increased business cycle synchronization with the EMU and has decreased with the Spanish cycle. These results are related to the fact that Catalonia has increased trade intensity and decreased the sectoral specialization over the EMU and it has done it in greater degree than one detected with Spain.

Suggested Citation

  • Salá Rios, Mercé & Farré Perdiguer, Mariona & Torres Solé, Teresa, 2011. "El ciclo económico de Cataluña. Un análisis de la simetría respecto a España y a la UEM/Catalonia's Business Cycle. An Analysis of the Symmetry in Relation to Spain and the EMU," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 29, pages 913(24á.)-9, Diciembre.
  • Handle: RePEc:lrk:eeaart:29_3_16
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    References listed on IDEAS

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    Keywords

    Cataluña; ciclo económico; simetría de los ciclos; intensidad comercial; especialización productiva ; Catalonia; Business Cycle; Cycle Synchronization; Trade Intensity; Sectoral Specialization.;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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