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Titlebook: Spanish Regional Unemployment; Disentangling the So Alejandro García-Cintado,Diego Romero-Ávila,Carlos Book 2014 The Author(s) 2014 Common

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发表于 2025-3-21 17:30:28 | 显示全部楼层 |阅读模式
书目名称Spanish Regional Unemployment
副标题Disentangling the So
编辑Alejandro García-Cintado,Diego Romero-Ávila,Carlos
视频video
概述Provides an insightful analysis of the sources of hysteresis in Spanish regional unemployment.Shows how econometric techniques allow to decompose the observed unemployment rate series into an idiosync
丛书名称SpringerBriefs in Economics
图书封面Titlebook: Spanish Regional Unemployment; Disentangling the So Alejandro García-Cintado,Diego Romero-Ávila,Carlos Book 2014 The Author(s) 2014 Common
描述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 part of the analysis the authors try to determine the macroeconomic and institutional factors that are able to explain the time series evolution of the common factor, and in turn help us shed light on the ultimate sources of hysteresis. The reader shall see how the variables that the empirical analysis emphasises as relevant closely fit into the main causes of the Spanish unemployment behaviour. Finally, some policy considerations drawn from the results are presented.
出版日期Book 2014
关键词Common Factor; PANIC Analysis; Persistence; Spanish Labour Market; Unemployment Rate
版次1
doihttps://doi.org/10.1007/978-3-319-03686-1
isbn_softcover978-3-319-03685-4
isbn_ebook978-3-319-03686-1Series ISSN 2191-5504 Series E-ISSN 2191-5512
issn_series 2191-5504
copyrightThe Author(s) 2014
The information of publication is updating

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Spanish Regional Unemployment978-3-319-03686-1Series ISSN 2191-5504 Series E-ISSN 2191-5512
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Alejandro García-Cintado,Diego Romero-Ávila,Carlos Usabiaga
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Alejandro García-Cintado,Diego Romero-Ávila,Carlos Usabiaga
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