The Resource Spanish regional unemployment : disentangling the sources of hysteresis, Alejandro García-Cintado, Diego Romero-Ávila, Carlos Usabiaga

Spanish regional unemployment : disentangling the sources of hysteresis, Alejandro García-Cintado, Diego Romero-Ávila, Carlos Usabiaga

Label
Spanish regional unemployment : disentangling the sources of hysteresis
Title
Spanish regional unemployment
Title remainder
disentangling the sources of hysteresis
Statement of responsibility
Alejandro García-Cintado, Diego Romero-Ávila, Carlos Usabiaga
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
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
Member of
Cataloging source
GW5XE
http://library.link/vocab/creatorName
García-Cintado, Alejandro
Dewey number
331.13/7946
Illustrations
illustrations
Index
no index present
LC call number
HD5807
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1965-
http://library.link/vocab/relatedWorkOrContributorName
  • Romero-Ávila, Diego
  • Usabiaga Ibáñez, Carlos
Series statement
SpringerBriefs in Economics,
http://library.link/vocab/subjectName
  • Hysteresis (Economics)
  • Unemployment
  • Spain
  • BUSINESS & ECONOMICS
  • POLITICAL SCIENCE
  • Science économique
  • Affaires
  • Economic history
  • Hysteresis (Economics)
  • Unemployment
  • Spain
  • Economics
  • Labor Economics
  • Macroeconomics/Monetary Economics//Financial Economics
  • Economic Policy
  • Regional/Spatial Science
Label
Spanish regional unemployment : disentangling the sources of hysteresis, Alejandro García-Cintado, Diego Romero-Ávila, Carlos Usabiaga
Link
https://ezproxy.lib.ou.edu/login?url=http://link.springer.com/10.1007/978-3-319-03686-1
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
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
Dimensions
unknown
Extent
1 online resource (ix, 68 pages)
File format
unknown
Form of item
online
Isbn
9783319036854
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
SpringerLink
Other control number
10.1007/978-3-319-03686-1
Other physical details
illustrations.
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)870868834
  • (OCoLC)ocn870868834
Label
Spanish regional unemployment : disentangling the sources of hysteresis, Alejandro García-Cintado, Diego Romero-Ávila, Carlos Usabiaga
Link
https://ezproxy.lib.ou.edu/login?url=http://link.springer.com/10.1007/978-3-319-03686-1
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
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
Dimensions
unknown
Extent
1 online resource (ix, 68 pages)
File format
unknown
Form of item
online
Isbn
9783319036854
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
SpringerLink
Other control number
10.1007/978-3-319-03686-1
Other physical details
illustrations.
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)870868834
  • (OCoLC)ocn870868834

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