Sectoral Volatility and Regional Growth in the European Union

Roberto Ezcurra
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Roberto Ezcurra: Departamento de Economía, Universidad Pública de Navarra, Campus de Arrosadia s/n, 31006 Pamplona, Spain

Environment and Planning C, 2010, vol. 28, issue 2, 369-380

Abstract: I investigate the relationship between short-term instability and output growth in the European regions, using disaggregated data for six manufacturing activities over the period 1980–2006. The results show a positive link between sectoral volatility and growth. This finding is robust to the inclusion of additional explanatory variables in the analysis and is not driven by any specific sector or country. The observed relationship suggests that traditional stabilization policies that attempt to reduce the fluctuations of the business cycle may be harmful for regional growth in the long run.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envirc:v:28:y:2010:i:2:p:369-380

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