EconPapers    
Economics at your fingertips  
 

Dating and synchronisation of regional business cycles in Spain

Eduardo Bandrés, María-Dolores Gadea and Ana Gómez-Loscos ()
Additional contact information
Eduardo Bandrés: Universidad De Zaragoza Y Funcas
María-Dolores Gadea: Universidad De Zaragoza

No 2107, Occasional Papers from Banco de España

Abstract: The analysis of the regional business cycles in Spain highlights a high degree of similarity in the developments of most regions, but also shows idiosyncratic behaviour that mainly affects the duration and intensity of recessions. Such idiosyncratic behaviour would advise complementing national policies with specific policies aimed at certain territories. This paper adopts two complementary approaches in order to comprehensively date and analyse regional business cycles: the first uses an annual aggregate indicator such as GDP, for which a long series is available; the second focuses on a set of specific monthly indicators for a more recent period and provides a more accurate characterisation of the reference cycle.

Keywords: regional cycles; synchronisation; clusters (search for similar items in EconPapers)
JEL-codes: C32 E32 R11 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2021-02
New Economics Papers: this item is included in nep-isf and nep-mac
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... 21/Files/do2107e.pdf First version, February 2021 (application/pdf)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... s/21/Fich/do2107.pdf Spanish version (application/pdf)

Related works:
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:bde:opaper:2107e

Access Statistics for this paper

More papers in Occasional Papers from Banco de España Contact information at EDIRC.
Bibliographic data for series maintained by María Beiro. Electronic Dissemination of Information Unit. Research Department. Banco de España ().

 
Page updated 2021-10-13
Handle: RePEc:bde:opaper:2107e