×
Uh-oh, it looks like your Internet Explorer is out of date.
For a better shopping experience, please upgrade now.

Spanish Regional Unemployment: Disentangling the Sources of Hysteresis
68
by Alejandro Garcïa-Cintado, Diego Romero-ïvila, Carlos UsabiagaAlejandro Garcïa-Cintado
54.99
In Stock
Overview
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.
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.
Product Details
ISBN-13: | 9783319036854 |
---|---|
Publisher: | Springer International Publishing |
Publication date: | 01/18/2014 |
Series: | SpringerBriefs in Economics |
Edition description: | 2014 |
Pages: | 68 |
Product dimensions: | 6.10(w) x 9.25(h) x 0.01(d) |
Customer Reviews
Explore More Items
University Academic Editions presents: A Good Spanish Book! : Basic Spanish Course for Beginners , ...
University Academic Editions presents: A Good Spanish Book! : Basic Spanish Course for Beginners ,
by Dr. Ricardo Roque Mateos.This is considered the best book to learn Spanish nowadays (number one in all the rankings). The contents are modern (published ...
Your cost-effective online language lab, accessible anywhere, anytime. This course provides an integrated learning package, ...
Your cost-effective online language lab, accessible anywhere, anytime. This course provides an integrated learning package,
directly meeting the needs of learners preparing for the AQA GCSE Spanish assessment, and teachers delivering the new syllabus.
Berlitz Phrasebook and Dictionary Spanish: a convenient, contemporary travel companion from Berlitz's trusted language experts ...
Berlitz Phrasebook and Dictionary Spanish: a convenient, contemporary travel companion from Berlitz's trusted language experts
· With its emphasis on conversational usage, and up-to-date language on social media, leisure, business - and more - this is the only phrase book ...
CHILDREŃS BOOKS IN EASY SPANISH Volume 2Juanito y las Habichuelas Mágicas Intermediate LevelThis volume was ...
CHILDREŃS BOOKS IN EASY SPANISH Volume 2Juanito y las Habichuelas Mágicas Intermediate LevelThis volume was
written in simple, easy Spanish for elementary-level students. Fun and easy to read, the text was edited and simplified to increase language comprehension and ease ...
CHILDREŃS BOOKS IN EASY SPANISH Volume 9El Libro de La SelvaIntermediate LevelThis volume was written ...
CHILDREŃS BOOKS IN EASY SPANISH Volume 9El Libro de La SelvaIntermediate LevelThis volume was written
in simple, easy Spanish for elementary-level students. Fun and easy to read, the text was edited and simplified to increase language comprehension and ease reading ...
This is a Minister's Hand Book design for The Ministers to quickly review order of ...
This is a Minister's Hand Book design for The Ministers to quickly review order of
Service that are preform (Spanish Version) Este es el diseño de Libro de Mano de un Ministro para los Ministros para examinar rápidamente la orden ...
A fun, fascinating way to expand your knowledge of the Spanish language and Hispanic cultures ...
A fun, fascinating way to expand your knowledge of the Spanish language and Hispanic cultures
Read & Think Spanish offers an innovative, non-intimidating approach to learning Spanish language basics. Compiled by the expert editors of Think Spanish! magazine, this book ...
From ordering tapas in Madrid to making new friends in Costa del Sol, it helps ...
From ordering tapas in Madrid to making new friends in Costa del Sol, it helps
to speak some of the native tongue in Spain. Rick Steves offers well-tested Spanish words and phrases that come in handy in a variety of ...