We determine the extent of cyclical comovement in employment among the regions of Mexico by analyzing the covariance of … structural multivariate model of the employment time series. We find, for most regions, that employment comovement is high and …

regions that share similar behavior can be identifi ed. The identifi cation of these different groups should reveal … regions and the countries that were left out of the single currency. It is also noteworthy that, despite the effect of the … euro, important singularities remain between the German regions, on the one hand, and between those of Greece, Portugal and …