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New revelations about unemployment persistence in Spain: time series and panel data approaches using regional data
[Zeitschriftenartikel]
Abstract This paper aims to re-examine the persistence of unemployment in Spain. For this purpose, we use time series and cross-section analysis. From a time series viewpoint we disaggregate unemployment by regions, and use unit root tests, AR coefficients and fractional differencing parameters as indicators... mehr
This paper aims to re-examine the persistence of unemployment in Spain. For this purpose, we use time series and cross-section analysis. From a time series viewpoint we disaggregate unemployment by regions, and use unit root tests, AR coefficients and fractional differencing parameters as indicators of persistence. For the cross-section approach, we first estimate mean regressions of regional unemployment rates. Then, using a panel of 114 periods and 50 provinces, we estimate pooled, fixed and random effects models. Finally, following some recent developments, we implement several panel data unit root tests. Previous studies had already shown the strong persistence of Spanish unemployment. Our disaggregated analysis extends that finding to reveal that the persistence is greater in the most industrialised regions. The results also suggest that a structural break took place in 1994, implying a decline in the unemployment persistence since then.... weniger
Klassifikation
Arbeitsmarktforschung
Freie Schlagwörter
unemployment persistence; regional unemployment
Sprache Dokument
Englisch
Publikationsjahr
2009
Seitenangabe
S. 219-236
Zeitschriftentitel
Applied Economics, 41 (2009) 2
DOI
https://doi.org/10.1080/00036840600994237
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)