Title Why do regional economies behave differently? A modelling approach to analyse region-specific dynamics along the business cycle
Authors LASARTE LÓPEZ, JESÚS MIGUEL, CARBONERO RUZ, MARIANO, NEKHAY, OLEXANDR, RODERO COSANO, MARÍA LUISA, RODERO COSANO, MARÍA LUISA, NEKHAY, OLEXANDR, CARBONERO RUZ, MARIANO, LASARTE LÓPEZ, JESÚS MIGUEL
External publication No
Means Appl. Econ. Lett.
Scope Article
Nature Científica
JCR Quartile 4
SJR Quartile 3
Area International
Web https://www.scopus.com/inward/record.uri?eid=2-s2.0-85090936539&doi=10.1080%2f13504851.2020.1820436&partnerID=40&md5=ab596507eae5acc549f39354580eb41a
Publication date
ISI 000568924900001
Scopus Id 2-s2.0-85090936539
DOI 10.1080/13504851.2020.1820436
Abstract Even though the evolution of regional economic activity is substantially explained by national/common economic shocks, regional economies can still engage in significant differential or divergent behaviours with regard to the national average across business cycles. In this article, we describe a modelling approach based on factor models that estimates differences in quarterly regional GDP levels and allows for the evaluation of the variables that best explain these differentials. To provide an example of the application of this approach, two Spanish regions are used: Andalusia and Catalonia. © 2020 Informa UK Limited, trading as Taylor & Francis Group.
Keywords difference indicators; dynamic factor model; GDP differential; real-time dataset; Regional economic activity
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