Dimitris KALLIORAS
Professor, University of Thessaly
dkallior@uth.gr
ORCID: 0000-0003-3060-3745
Spyros NIAVIS
Assistant Professor, University of Thessaly
spniavis@uth.gr
ORCID: 0000-0001-9210-9190
George PETRAKOS
Professor, University of Thessaly
petrakos@uth.gr
ORCID: 0000-0001-6542-6799
Maria TSIAPA
Assistant Professor, University of Thessaly
mtsiapa@uth.gr
ORCID: 0000-0001-5852-8156
Abstract
The paper examines the impact of the synchronization of regional business cycles on the evolution of regional inequalities in the EU. The topic is crucially important given that the relation between the synchronization of regional business cycles and the evolution of regional inequalities reveals whether (and to what extent) sectoral shocks are distributed evenly or unevenly within the integrated economic space. The analysis of the paper refers to 242 EU NUTS II regions and covers the period 1990-2020. Using sound and rigorous methods of empirical analysis, the paper presents clear-cut empirical evidence that shed light on academic theory and provide valuable insight to policy making.
Keywords: EU regions, business cycles synchronization, inequalities
JEL classification: E32, R11, R15
Funding
The authors gratefully acknowledge the funding from the EU Horizon Program, project number 101061104 – ESSPIN “ECONOMIC, SOCIAL AND SPATIAL INEQUALITIES IN EUROPE IN THE ERA OF GLOBAL MEGA-TRENDS”. The opinions expressed in this document are the sole responsibility of the authors and do not necessarily represent the official position of the EU.
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