Barrios, Salvador; Marius Br¸lhart; Elliott, Robert J.R.; … - In: Manchester School 71 (2003) 3, pp. 265-292
We examine the patterns and determinants of business cycle correlations among 11 UK regions and six euro-zone countries over the 1966-97 period, using the generalized method of moments to allow for sampling error in comparing estimated correlations. The British business cycle is found to be...