Specialisation Patterns and the Synchronicity of Regional Employment Cycles in Europe

Ansgar Belke () and Jens M. Heine
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Jens M. Heine: zeb/rolfes.schierenbeck.associates

No 1439, IZA Discussion Papers from Institute for the Study of Labor (IZA)

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.

Keywords: regional employment; European Union; regional business cycles; specialisation; synchronicity (search for similar items in EconPapers)
JEL-codes: E32 F15 R23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-eec, nep-geo and nep-mac
Date: 2004-12
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Related works:
Working Paper: Specialisation Patterns and the Synchronicity of Regional Employment Cycles in Europe (2002)
Journal Article: Specialisation patterns and the synchronicity of regional employment cycles in Europe (2006)
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