Cycles inside cycles: spanish regional aggregation

HIGHLIGHTS

• who: Regional policy and collaborators from the Department of Applied Economics, Universidad de Zaragoza, Gran Vía, Saragossa, Spain have published the Article: Cycles inside cycles: Spanish regional aggregation, in the Journal: (JOURNAL)
• what: The authors show that the cycles are quite heterogeneous although they display some degree of synchronisation. The authors focus on Spain, a country divided into 17 NUTS-2 regions with a high degree of fiscal federalism, and the authors test if the Spanish cycle is really unique and its path is the same in the 17 regional business cycles. The authors . . .
  

   

  

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