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Spanish Regional Unemployment
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Author :Alejandro García-Cintado Publisher :Springer Science & Business Media ISBN 13 :3319036866 Total Pages :71 pages Book Rating :4.3/5 (19 download)
Book Synopsis Spanish Regional Unemployment by : Alejandro García-Cintado
Download or read book Spanish Regional Unemployment written by Alejandro García-Cintado and published by Springer Science & Business Media. This book was released on 2014-01-18 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Spanish Regional Unemployment by : Alejandro Garcia-Cintado
Download or read book Spanish Regional Unemployment written by Alejandro Garcia-Cintado and published by . This book was released on 2014-02-28 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The NRU and the Evolution of Regional Disparities in Spanish Unemployment by : Roberto Bande
Download or read book The NRU and the Evolution of Regional Disparities in Spanish Unemployment written by Roberto Bande and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: On both theoretical and empirical grounds, this paper provides evidence that refutes the natural rate of unemployment (NRU) hypothesis as an explanation of the evolution of regional disparities in the unemployment rate. We first present our analytical framework, which follows the chain reaction theory (CRT) of unemployment and argues that (i) a system of interactive labour market equations, rather than a single-equation unemployment rate model, is better equipped to accommodate unemployment dynamics, and (ii) due to the interplay of frictions and growth in labour markets, the NRU ceases to be an attractor of the unemployment rate time path. We then provide evidence that the Spanish economy is characterised by large and persistent disparities in the regional unemployment rates. Through standard kernel density tecnhiques, we demonstrate the existence of marked differences between two groups of high and low unemployment regions that remain stable in their composition through time. Finally, we review our empirical labour market model for each group of regions and evaluate the corresponding natural rates. Our findings confirm that the evolution of regional disparities cannot be attributed to disparities in the natural rates, given that these, although different, do not act as an attractor of unemployment. Thus, the NRUs offer little help in the formulation of labour market policies. -- Regional unemployment ; Disparities ; Kernel ; Natural rate ; Frictional growth
Book Synopsis Regional Labor Mobility in Spain by : Lucy Qian Liu
Download or read book Regional Labor Mobility in Spain written by Lucy Qian Liu and published by International Monetary Fund. This book was released on 2018-12-13 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the main factors that explain the low regional mobility in Spain, with a view to identifying policy options at the regional and central level to promote labor mobility. The empirical analysis finds that house prices, labor market conditions, and the pervasiveness of labor market duality at the regional level are the main determinants for Spain’s regional mobility, while labor market institutions and policies play an important role at the national level. Policies that facilitate wage setting flexibility and reduce labor market duality could help enhance the functioning of the labor market, thereby promoting labor mobility. There may be also room for policies to incentivize people to move and provide support through targeted active labor market policies.
Book Synopsis Spanish regional unemployment revisited: the role of capital accumulation by : Roberto Bande
Download or read book Spanish regional unemployment revisited: the role of capital accumulation written by Roberto Bande and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An analysis of the convergence of Spain's regional unemployment rates by : Alfonso Moral de Blas
Download or read book An analysis of the convergence of Spain's regional unemployment rates written by Alfonso Moral de Blas and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour Market Flexibility and Regional Unemployment Rate Dynamics by : Roberto Bande
Download or read book Labour Market Flexibility and Regional Unemployment Rate Dynamics written by Roberto Bande and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper aims to shed light in the dynamics of Spanish regional unemployment rates and determine the driving forces of their disparities. The Spanish economy has one of the highest unemployment rates in the EU and is characterised by severe regional disparities. We apply the chain reaction theory of unemployment according to which the evolution of unemployment is driven by the interplay of lagged adjustment processes and the spillover effects within the labour market system. Our model includes nationwide as well as region-specific variables, and takes into account the limited labour and firm mobility in Spain. We show that the degree of labour market flexibility differs between high and low unemployment regions, and find that investment has a major influence on the unemployment trajectory. In addition, we find that in bad times high unemployment regions are hit more severely than low unemployment regions, while in good times high unemployment regions do not benefit as much as low unemployment regions"--Forschungsinstitut zur Zukunft der Arbeit web site.
Book Synopsis Unemployment Persistence and Mismatch by : Raquel Fonseca
Download or read book Unemployment Persistence and Mismatch written by Raquel Fonseca and published by Presses univ. de Louvain. This book was released on 2002 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the mid-1970s Spain has suffered from persistently high unemployment, as it has occurred in other parts of Europe. Although during the last few years the unemployment level has declined, there are still enormous disparities in the unemployment rate across groups, skills and regions. This thesis attempts to shed some light on the mechanisms of unemployment persistence and skill and regional mismatch in Spain. Chapter 1 provides a first introductory analysis of Spanish data. The chapter emphasises the importance of skill and regional mismatch, which may have contributed about fifty percent to the observed increase in total unemployment over the last twenty years. The chapter also studies the cyclical pattern in the Spanish unemployment, which is a very important aspect in view of its magnitude. The following three chapters are devoted to the evaluation of different mechanisms that may have been at work. In all three chapters, the analysis relies on the specification, calibration and simulation of dynamic general equilibrium models with matching on the labour market. Chapter 2 focuses on cyclical fluctuations, with particular emphasis on the role of reallocation shocks. Chapter 3 focuses on « skill mismatch »; more precisely the chapter investigates to what extent unemployment rate disparities across skill groups can be explained in terms of a « ladder effect ». Chapter 4 focuses on regional disparities. A model is built to investigate the possible determinants of regional disparities and the role of labour mobility.
Book Synopsis Regional Migration in Spain by : Pablo Antolín
Download or read book Regional Migration in Spain written by Pablo Antolín and published by . This book was released on 1993 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Policy Responses to Regional Unemployment by : Sara Davies
Download or read book Policy Responses to Regional Unemployment written by Sara Davies and published by . This book was released on 2001 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1.Summary of results - 2.Eastern Germany - 3.the Spanish objective 1 regions - 4.Southern Italy.
Book Synopsis Regional Unemployment in Spain by : Roberto Bande
Download or read book Regional Unemployment in Spain written by Roberto Bande and published by . This book was released on 2005 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Unemployment in Spain written by and published by . This book was released on 2005 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Convergence and Divergence Among Regional Unemployment Disparities by : Amy Lynn Hayes
Download or read book Convergence and Divergence Among Regional Unemployment Disparities written by Amy Lynn Hayes and published by . This book was released on 2000 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regional Unemployment Persistence (Spain, 1976-94) by : Samuel Bentolila
Download or read book Regional Unemployment Persistence (Spain, 1976-94) written by Samuel Bentolila and published by . This book was released on 1995 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regional Unemployment in Spain by : Roberto Bande Ramudo
Download or read book Regional Unemployment in Spain written by Roberto Bande Ramudo and published by . This book was released on 2005 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Mismatch and Internal Migration in Spain, 1962-1986 by : Samuel Bentolila
Download or read book Mismatch and Internal Migration in Spain, 1962-1986 written by Samuel Bentolila and published by . This book was released on 1990 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regional Unemployment Persistence by : Juan F. Jimeno
Download or read book Regional Unemployment Persistence written by Juan F. Jimeno and published by . This book was released on 1995 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
