This paper examines the spatial interaction of neighboring cities over their employment cycles. The cycles of neighboring cities tend to be more similar to one another than are those of non-neighboring cities, although this is due primarily to neighbors’ tendency to be in the same state. In...

One of the most important drawbacks of the existing literature on convergence is that it largely ignores the effect of aggregate fluctuations on the evolution of income disparities. To the extent that regional income disparities follow a distinct cyclical pattern in the short-run, moving either...

The analysis of synchronization among regional or national business cycles has recently been attracting a growing interest within the economic literature. Far less attention has instead been devoted to a closely related issue: given a certain level of synchronization, some economies might be...

Este documento presenta un aporte al estudio de la recientemente creada Región Pacífico compuestapor Cauca, Chocó, Nariño y Valle del Cauca. En una primera parte se reseñan indicadores decoyuntura y luego es evaluada la dinámica de crecimiento de estos departamentos a la luz de lateoría...

(sample) In this paper, we develop a North-South endogenous growth model to examine three phases of development in the South: imitation of Northern products, imitation and innovation and finally, innovation only. In particular, the model has the features of catching up (and potentially...

This paper looks at the condition and progress of SSA's agriculture as central to growth, poverty reduction, access to employment income, and food security. Agriculture also greatly affects other major components of SSA's human development.

The notion of 'resilience' has recently risen to prominence in several disciplines, and has also entered policy discourse. Yet the meaning and relevance of the concept are far from settled matters. This paper develops the idea of resilience and examines its usefulness as an aid to understanding...

This paper examines the spatial interaction of neighboring cities over their employment cycles. Neighboring cities, which are large and closely integrated cities within the same metro area, tend to have relatively similar employment cycles. However, this is largely because they tend to be in the...

En esta investigacion se estudia la respuesta (sensibilidad) del uso de la energia ante variaciones estocasticas en el precio internacional de una cesta de energeticos para una economia en desarrollo y exportadora de petroleo, como es el caso de Mexico. Esta ampliamente estudiado y documentado...

This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...