EconPapers    
Economics at your fingertips  
 

A Tale of Two Cycles: Co-Fluctuations Between UK Regions and the Euro Zone

Salvador Barrios (), Marius Br¸lhart, Robert Elliott () and Marianne Sensier ()

Manchester School, 2003, vol. 71, issue 3, 265-292

Abstract: We examine the patterns and determinants of business cycle correlations among 11 UK regions and six euro-zone countries over the 1966-97 period, using the generalized method of moments to allow for sampling error in comparing estimated correlations. The British business cycle is found to be persistently out of phase with that of the main euro-zone economies, and the trend is towards lower correlations. We detect only minor cyclical heterogeneity among UK regions. Differences in sectoral specialization drive some of the asymmetry in GDP fluctuations, but they do not appear significant in explaining the observed reduction in UK-EU business cycle correlations over time. Copyright 2003 Blackwell Publishing Ltd and The Victoria University of Manchester.

Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (22) Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/servlet/useragent ... &year=2003&part=null link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: A Tale of Two Cycles: Co-fluctuations Between UK Regions and the Euro Zone (2002) Downloads
Working Paper: A Tale of Two Cycles: Co-Fluctuations Between UK Regions and the Euro Zone (2001) Downloads
Working Paper: A Tale of Two Cycles: Co-fluctuations Between UK Regions and the Euro Zone (2001) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:manchs:v:71:y:2003:i:3:p:265-292

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1463-6786

Access Statistics for this article

Manchester School is currently edited by Keith Blackburn

More articles in Manchester School from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-10-03
Handle: RePEc:bla:manchs:v:71:y:2003:i:3:p:265-292