The aim of this paper is threefold. First, we analyze the comovements of the business cycles of European regions. Second, we date these business cycles, for the first time in the literature, and identify clusters of regions with similar business cycle behavior, using Finite Mixture Markov models. Third, we develop a new index to measure within-country homogeneity. We find that comovement among regions is, on average, quite low, although it increased during the convergence process prior to the euro cash changeover and after the onset of the Great Recession. We identify five different groups of European regions. We also find heterogeneity in the size of border effects. JEL classification: C32, E32, R11

This article analyzes the broadcasting demand in Spain for the Spanish national soccer team. The variability in audience figures suggests supplementing the ordinary least squares estimation with quantile regressions to understand the effect of the explanatory variables across the conditioned distribution of television audiences. The results show that variables associated with the sporting relevance of each game and the reputation of the opponent are significant, while consumer habits have little influence and uncertainty of outcome is not significant. The different degrees of influence of the variables across all quantiles confirm the heterogeneous nature of demand.

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InvestIgatIng causal relatIons between publIc spendIng and economIc growth In europeGasto público y crecimiento económico en europa:investiGando sus relaciones de causalidad