177
Views
2
CrossRef citations to date
0
Altmetric
Research Article

Why do regional economies behave differently? A modelling approach to analyse region-specific dynamics along the business cycle

ORCID Icon, , &

References

  • Camacho, M., and G. P. Quiros. 2011. “Spain‐Sting: Spain Short‐Term Indicator Of Growth.” The Manchester School 79: 594–616. doi:10.1111/j.1467-9957.2010.02212.x.
  • Caporello, G., and A. Maravall. 2004. Program TSW. Revised Manual. Bank of Spain, Occasional Paper no. 0408. http://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosOcasionales/04/Fic/do0408e.pdf
  • Chung, S. 2016. “Assessing the Regional Business Cycle Asymmetry in a Multi-level Structure Framework: A Study of the Top 20 US MSAs.” The Annals of Regional Science 56 (1): 229–252. doi:10.1007/s00168-015-0732-7.
  • Chung, S., and G. J. D. Hewings. 2015. “Competitive and Complementary Relationship between Regional Economies: A Study of the Great Lake States.” Spatial Economic Analysis 10 (2): 205–229. doi:10.1080/17421772.2015.1027252.
  • Cuevas, A., E. M. Quilis, and A. Espasa. 2015. “Quarterly Regional GDP Flash Estimates by Means of Benchmarking and Chain Linking.” Journal of Official Statistics 31 (4): 627–647. doi:10.1515/jos-2015-0038.
  • Ferreira-Lopes, A., and T. N. Sequeira. 2011. “Business Cycles in Reunified Germany: Closer Together or Further Apart?” Review of Urban & Regional Development Studies 23 (2–3): 94–113. doi:10.1111/j.1467-940X.2011.00179.x.
  • Gómez-Loscos, A., M. D. Gadea, and E. Bandres. 2019. “Business Cycle Patterns in European Regions.” Empirical Economics 1–23. doi:10.1007/s00181-019-01743-z.
  • Hamilton, J. D., and M. T. Owyang. 2012. “The Propagation of Regional Recessions.” Review of Economics and Statistics 94 (4): 935–947. doi:10.1162/REST_a_00197.
  • Hayashida, M., and G. J. D. Hewings. 2009. “Regional Business Cycles in Japan.” International Regional Science Review 32 (2): 119–147. doi:10.1177/0160017609332227.
  • Koop, G., S. McIntyre, and J. Mitchell. 2020a. “UK Regional Nowcasting Using a Mixed Frequency Vector Auto‐regressive Model with Entropic Tilting.” Journal of the Royal Statistical Society: Series A (Statistics in Society) 183 (1): 91–119. doi:10.1111/rssa.12491.
  • Koop, G., S. McIntyre, J. Mitchell, and A. Poon. 2020b. “Regional Output Growth in the United Kingdom: More Timely and Higher Frequency Estimates from 1970.” Journal of Applied Econometrics 35 (2): 176–197. doi:10.1002/jae.2748.
  • Kopoin, A., K. Moran, and J. P. Paré. 2013. “Forecasting Regional GDP with Factor Models: How Useful are National and International Data?” Economics Letters 121 (2): 267–270. doi:10.1016/j.econlet.2013.08.007.
  • Mariano, R. S., and Y. Murasawa. 2003. “A New Coincident Index of Business Cycles Based on Monthly and Quarterly Series.” Journal of Applied Econometrics 18 (4): 427–443. doi:10.1002/jae.695.
  • Martin, R., P. Sunley, B. Gardiner, and P. Tyler. 2016. “How Regions React to Recessions: Resilience and the Role of Economic Structure.” Regional Studies 50 (4): 561–585. doi:10.1080/00343404.2015.1136410.
  • Owyang, M. T., D. E. Rapach, and H. J. Wall. 2009. “States and the Business Cycle.” Journal of Urban Economics 65 (2): 181–194. doi:10.1016/j.jue.2008.11.001.
  • Sedita, S. R., I. De Noni, and L. Pilotti. 2017. “Out of the Crisis: An Empirical Investigation of Place-specific Determinants of Economic Resilience.” European Planning Studies 25 (2): 155–180. doi:10.1080/09654313.2016.1261804.
  • Stock, J., and M. Watson. 2011. Dynamic Factor Models. In Oxford Handbook on Economic Forecasting, eds. Michael P. Clements and David F. Hendry. Oxford: Oxford University Press. doi:10.1093/oxfordhb/9780195398649.013.0003
  • Tebaldi, E., and L. Kelly. 2012. “Measuring Economic Conditions: An Extension of the Stock/Watson Methodology.” Applied Economics Letters 19 (18): 1865–1869. doi:10.1080/13504851.2012.669453.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.