Cyclical dynamics at the regional level are investigated using newly developed time-series techniques that allow a decomposition of aggregate data into common trends and common cycles. We apply the common-trend/common-cycle representation to per capita personal income for the eight BEA regions...

Do regions converge? This essay provides an overview of the key developments in the study of regional convergence, discussing the methodological issues that have arisen since the first attempts to analyse convergence and critically surveying the results that have been obtained for different...