04416nam 22007935 450 991029854910332120250609111652.03-319-03686-610.1007/978-3-319-03686-1(CKB)2550000001199557(EBL)1698124(OCoLC)881166011(SSID)ssj0001185233(PQKBManifestationID)11976480(PQKBTitleCode)TC0001185233(PQKBWorkID)11196867(PQKB)10191744(MiAaPQ)EBC1698124(DE-He213)978-3-319-03686-1(PPN)176108327(MiAaPQ)EBC4071553(EXLCZ)99255000000119955720140117d2014 u| 0engur|n|---|||||txtccrSpanish Regional Unemployment Disentangling the Sources of Hysteresis /by Alejandro García-Cintado, Diego Romero-Ávila, Carlos Usabiaga1st ed. 2014.Cham :Springer International Publishing :Imprint: Springer,2014.1 online resource (71 p.)SpringerBriefs in Economics,2191-5504Description based upon print version of record.3-319-03685-8 Includes bibliographical references at the end of each chapters.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.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.SpringerBriefs in Economics,2191-5504Labor economicsMacroeconomicsEconomic policyRegional economicsSpace in economicsLabor Economicshttps://scigraph.springernature.com/ontologies/product-market-codes/W37000Macroeconomics/Monetary Economics//Financial Economicshttps://scigraph.springernature.com/ontologies/product-market-codes/W32000Economic Policyhttps://scigraph.springernature.com/ontologies/product-market-codes/W34010Regional/Spatial Sciencehttps://scigraph.springernature.com/ontologies/product-market-codes/W49000SpainEconomic conditionsRegional disparitiesLabor economics.Macroeconomics.Economic policy.Regional economics.Space in economics.Labor Economics.Macroeconomics/Monetary Economics//Financial Economics.Economic Policy.Regional/Spatial Science.331.110946García-Cintado Alejandroauthttp://id.loc.gov/vocabulary/relators/aut1059454Romero-Ávila Diegoauthttp://id.loc.gov/vocabulary/relators/autUsabiaga Carlosauthttp://id.loc.gov/vocabulary/relators/autMiAaPQMiAaPQMiAaPQBOOK9910298549103321Spanish Regional Unemployment2505908UNINA