Dynamics of Regional Business Cycles in Colombian Cities: Identification of Growth Rates, Recession Propagation, and Cluster Analysis
Using a Markov switching panel, this research analyzes business cycle dynamics in 23 Colombian cities and metropolitan areas. First, we find heterogeneous values by identifying expansion and recession growth rates using employment and economic covariables. Second, cluster analysis groups cities wit...
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| Format: | Article |
| Language: | English |
| Published: |
Universidad del Rosario
2025-06-01
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| Series: | Revista de Economía del Rosario |
| Subjects: | |
| Online Access: | https://revistas.urosario.edu.co/index.php/economia/article/view/15338 |
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