Analiza koniunktury gospodarczej w ujęciu regionalnym na przykładzie województwa warmińsko-mazurskiego
Analysis of a regional business cycle. The case of Warmian-Masurian Voivodeship

Summary/Abstract: Analyses of nationwide business cycles provide information on the length, course and phase of a current cycle. However, the nationwide cycle is not always convergent with the economic situation of individual regions. Discrepancies in this regard are often described in the literature. In this paper, we presented an analysis of the economic situation of Warmian-Masurian Voivodeship from 2008 to the 3rd quarter of 2010 in the context of the recent turbulence of the global and Polish economies. What is more, we evaluated the usefulness of multi-dimensional comparative analysis methods to assess the condition of the business cycle in Warmia and Mazury. We verified the view of Michael P. Niemira and Philip A. Klein (1994) concerning the relationship between regional development level and business cycle fluctuation vulnerability. Finally, we showed that less developed and less economically diversified regions are more prone to economic fluctuations.

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