In this paper, we examine the impact of monetary policy shocks to the real economy by investigating the effects on different regions. Annual data for GDP, employment and investment from 12 regions in Greece are used for the period 1980 to 2009. By using an unrestricted VAR model and the impulse...

In this paper, we examine the impact of monetary policy shocks to the real economy by investigating the effects on different regions. Annual data for GDP, employment and investment from 12 regions in Greece are used for the period 1980 to 2009. By using an unrestricted VAR model and the impulse...

The present paper discourses on how European integration and gradual enlargement has affected the synchronicity in business cycles in EU regions. The analysis, which is conducted on annual data at the NUTSII level, is based on the following grounds: First, it examines the degree of synchronicity...

The process of EU integration has been associated with a variety of outcomes in time and space. A critical question has to do with the impact of open markets on the differences, in economic performance, among more and less advanced countries. Given that industrial activity is more exposed to the...

The process of EU integration has been associated with a variety of outcomes in time and space. A critical question has to do with the impact of open markets on the differences, in economic performance, among more and less advanced countries. Given that industrial activity is more exposed to the...

The present paper discourses on how European integration and gradual enlargement has affected the synchronicity in business cycles in EU regions. The analysis, which is conducted on annual data at the NUTSII level, is based on the following grounds: First, it examines the degree of synchronicity...

Purpose: The purpose of this paper is to investigate regional impact of macroeconomic and regional policy impulses, using our newly developed multi-regional computable general equilibrium (CGE) model for three, structurally distinctive Polish macro-regions. ...

The capacity of multi-regional input-output tables (MRIOTs) to investigate linkages across structures and subnational regions within a country makes them a useful and solid tool of various types of simulations. This study develops MRIOTs for the Polish regions that can be subsequently employed...