Template-Type: ReDIF-Paper 1.0
Author-Name: Facundo Sigal
Author-Name-First: Facundo
Author-Name-Last: Sigal
Author-Name: Jorge Camusso
Author-Name-First: Jorge
Author-Name-Last: Camusso
Author-Name: Ana Inés Navarro
Author-Name-First: Ana Inés
Author-Name-Last: Navarro
Title: Beyond the political or administrative definition of the Argentinean economic regions, do their provinces have a common economic cycle?
Abstract: In this article, the clustering methodology is applied to select the Argentine provinces by regions according to the cyclical behavior of their economies. To do this, we construct coincident indices for each of the twenty-four Argentinean provinces, using the Stock and Watson methodology. Beyond some heterogeneity in the results, some patterns could be observed. In particular, the provinces of Córdoba and Santa Fe, but not Entre Ríos, appear together in almost all grouping procedures, verifying that in the "Región Centro" the economic cycle moves uniformly in the two largest provinces of the same. On the other hand, the regionalization of INDEC presents some differences with that obtained from the grouping of the economic cycles of the provinces. The results as a whole show that, at least in those cases where the purpose is analyzing the economic performance of a region over time, the impact of a national economic policy or the effects of an external shock on the performance of the economic activity, regions based on static criteria may not be the most appropriate.	
Length: 36 pages
Creation-Date:  2020-11
File-URL: https://aaep.org.ar/works/works2020/Sigal.pdf
File-Format: Application/pdf
Number: 4413
Classification-JEL: C19, E32, R11 
Keywords: Business Cycles, Coincident Indicators, Clusters, Regional Economic Activity
Handle: RePEc:aep:anales: 4413