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Specialisation Patterns and the Synchronicity of Regional Employment Cycles in Europe

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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.
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  • Ansgar Belke & Jens Michael Heine, 2002. "Specialisation Patterns and the Synchronicity of Regional Employment Cycles in Europe," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 210/2002, Department of Economics, University of Hohenheim, Germany.
    • Handle: RePEc:hoh:hohdip:210
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    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F15 - International Economics - - Trade - - - Economic Integration
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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