Spanish Regional Unemployment (Record no. 50587)

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fixed length control field 03343nam a22005415i 4500
001 - CONTROL NUMBER
control field 978-3-319-03686-1
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20200420211740.0
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fixed length control field 140117s2014 gw | s |||| 0|eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN 9783319036861
-- 978-3-319-03686-1
082 04 - CLASSIFICATION NUMBER
Call Number 331
100 1# - AUTHOR NAME
Author Garc�ia-Cintado, Alejandro.
245 10 - TITLE STATEMENT
Title Spanish Regional Unemployment
Sub Title Disentangling the Sources of Hysteresis /
300 ## - PHYSICAL DESCRIPTION
Number of Pages IX, 68 p. 3 illus.
490 1# - SERIES STATEMENT
Series statement SpringerBriefs in Economics,
505 0# - FORMATTED CONTENTS NOTE
Remark 2 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.
520 ## - SUMMARY, ETC.
Summary, etc 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.
700 1# - AUTHOR 2
Author 2 Romero-�Avila, Diego.
700 1# - AUTHOR 2
Author 2 Usabiaga, Carlos.
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier http://dx.doi.org/10.1007/978-3-319-03686-1
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Koha item type eBooks
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-- Springer International Publishing :
-- Imprint: Springer,
-- 2014.
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-- online resource
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650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Macroeconomics.
650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Economic policy.
650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Labor economics.
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-- Regional economics.
650 #0 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Spatial economics.
650 14 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Economics.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Labor Economics.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Macroeconomics/Monetary Economics//Financial Economics.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Economic Policy.
650 24 - SUBJECT ADDED ENTRY--SUBJECT 1
-- Regional/Spatial Science.
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-- 2191-5504
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