Economic Integration and Regional Business Cycles: Evidence from the Iberian Regions

19 Pages Posted: 11 Jul 2003

See all articles by Salvador Barrios

Salvador Barrios

European Commission, JRC - IPTS

Juan José de Lucio Fernández

Independent; University of Antonio de Nebrija - Faculty of Law, Economics and Business

Abstract

This paper provides evidence of the positive impact of economic integration on EU regions' business cycles convergence by focusing on two neighbouring countries: Spain and Portugal. We show that while a rise in cross-country business cycle correlation has also been experienced by other European countries, it has been relatively more pronounced for Iberian regions. Econometric evidence suggests that the existence of an administrative border, the economic size of regions and their industrial structures can explain a substantial proportion of regional cycles.

Suggested Citation

Barrios, Salvador and de Lucio Fernández, Juan José, Economic Integration and Regional Business Cycles: Evidence from the Iberian Regions. Oxford Bulletin of Economics and Statistics, Vol. 65, pp. 497-515, September 2003. Available at SSRN: https://ssrn.com/abstract=423649

Salvador Barrios (Contact Author)

European Commission, JRC - IPTS ( email )

Edificio Expo
C/ Inca Garcilaso s/n
Seville, 41092
Spain
34 954 48 82 08 (Phone)
34 954 48 82 08 (Fax)

Juan José De Lucio Fernández

Independent ( email )

No Address Available

University of Antonio de Nebrija - Faculty of Law, Economics and Business ( email )

Campus de la Berzosa
Hoyo de Manzanares
Madrid, 28420
Spain

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