Spanish Regional Unemployment Disentangling the Sources of Hysteresis /

• Main Authors: García-Cintado, Alejandro (Author), Romero-Ávila, Diego (Author), Usabiaga, Carlos (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2014.
• Series: SpringerBriefs in Economics,
• Subjects: Macroeconomics.; Economic policy.; Labor economics.; Regional economics.; Spatial economics.; Economics.; Labor Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Policy.; Regional/Spatial Science.

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 idiosync...

Table of Contents:

• Introduction
• PANIC Analysis of Spanish Regional Unemployment
• Explaining the Common Stochastic Trend in Spanish Regional Unemployment: Granger-Causality Analysis
• Policy Considerations Drawn from Our Results
• Concluding Remarks
• Appendix.