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Spanish Regional Unemployment
Garcia-Cintado, Alejandro; Romero-Avila, Diego; Usabiaga, Carlos
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Description for Spanish Regional Unemployment
Paperback. Series: SpringerBriefs in Economics. Num Pages: 77 pages, 3 black & white illustrations. BIC Classification: KCB; KCF; KCP. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 4. Weight in Grams: 140.
This work investigates the time series properties of the unemployment rate of the Spanish regions over the period 1976-2011. For that purpose, the authors employ the PANIC procedures of Bai and Ng (2004), which allows to decompose the observed unemployment rate series into common factor and idiosyncratic components. This enables the authors to identify the exact source behind the hysteretic behaviour found in Spanish regional unemployment. Overall, the analysis with three different proxies for the excess of labour supply renders strong support for the hysteresis hypothesis, which appears to be caused by a common stochastic trend driving all the regional unemployment series. In the second ... Read more
This work investigates the time series properties of the unemployment rate of the Spanish regions over the period 1976-2011. For that purpose, the authors employ the PANIC procedures of Bai and Ng (2004), which allows to decompose the observed unemployment rate series into common factor and idiosyncratic components. This enables the authors to identify the exact source behind the hysteretic behaviour found in Spanish regional unemployment. Overall, the analysis with three different proxies for the excess of labour supply renders strong support for the hysteresis hypothesis, which appears to be caused by a common stochastic trend driving all the regional unemployment series. In the second ... Read more
Product Details
Format
Paperback
Publication date
2014
Publisher
Springer International Publishing AG Switzerland
Number of pages
77
Condition
New
Series
SpringerBriefs in Economics
Number of Pages
68
Place of Publication
Cham, Switzerland
ISBN
9783319036854
SKU
V9783319036854
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Garcia-Cintado, Alejandro; Romero-Avila, Diego; Usabiaga, Carlos
Alejandro García-Cintado is Assistant Professor at Pablo de Olavide University (Seville) and Visiting Professor at Paris-Est Créteil Val-de-Marne University (France). His research interests lie in the fields of Macroeconomics and International Economics. Diego Romero-Ávila is Associate Professor at Pablo de Olavide University. He has been Research Fellow at the European Central Bank and Visiting Professor at Vienna University ... Read more
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