Back to Search
Start Over
Volatility in European regions.
- Source :
-
Papers in Regional Science . Nov2017, Vol. 96 Issue 4, p697-720. 24p. 7 Charts, 4 Graphs. - Publication Year :
- 2017
-
Abstract
- This paper examines the growth rate volatility of European regions' per capita GDP from 1992 to 2008. We measure the regional volatility using a new methodology based on Markov matrices, and investigate its main determinants. Volatility displays a geographical pattern and a significant spatial dependence. Output composition appears one of the main drivers of volatility; among the other determinants we find a negative impact of the size of regional economies and of labour market flexibility, and a positive impact of sectoral concentration, financialization of the economy, and, occasionally, of participation in EMU. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 10568190
- Volume :
- 96
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Papers in Regional Science
- Publication Type :
- Academic Journal
- Accession number :
- 126052881
- Full Text :
- https://doi.org/10.1111/pirs.12212