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101 0 $aeng
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181   $ctxt
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200 10$aSpanish Regional Unemployment $eDisentangling the Sources of Hysteresis /$fby Alejandro García-Cintado, Diego Romero-Ávila, Carlos Usabiaga
205   $a1st ed. 2014.
210  1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2014.
215   $a1 online resource (71 p.)
225 1 $aSpringerBriefs in Economics,$x2191-5504
300   $aDescription based upon print version of record.
311 08$a3-319-03685-8 
320   $aIncludes bibliographical references at the end of each chapters.
327   $aIntroduction -- 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.
330   $aThis work investigates the time series properties of the unemployment rate of the Spanish regions over the period 1976-2011. For that purpose, the authors employ the PANIC procedures of Bai and Ng (2004), which allows to decompose the observed unemployment rate series into common factor and idiosyncratic components. This enables the authors to identify the exact source behind the hysteretic behaviour found in Spanish regional unemployment. Overall, the analysis with three different proxies for the excess of labour supply renders strong support for the hysteresis hypothesis, which appears to be caused by a common stochastic trend driving all the regional unemployment series. In the second part of the analysis the authors try to determine the macroeconomic and institutional factors that are able to explain the time series evolution of the common factor, and in turn help us shed light on the ultimate sources of hysteresis. The reader shall see how the variables that the empirical analysis emphasises as relevant closely fit into the main causes of the Spanish unemployment behaviour. Finally, some policy considerations drawn from the results are presented.
410  0$aSpringerBriefs in Economics,$x2191-5504
606   $aLabor economics
606   $aMacroeconomics
606   $aEconomic policy
606   $aRegional economics
606   $aSpace in economics
606   $aLabor Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W37000
606   $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000
606   $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010
606   $aRegional/Spatial Science$3https://scigraph.springernature.com/ontologies/product-market-codes/W49000
607   $aSpain$xEconomic conditions$xRegional disparities
615  0$aLabor economics.
615  0$aMacroeconomics.
615  0$aEconomic policy.
615  0$aRegional economics.
615  0$aSpace in economics.
615 14$aLabor Economics.
615 24$aMacroeconomics/Monetary Economics//Financial Economics.
615 24$aEconomic Policy.
615 24$aRegional/Spatial Science.
676   $a331.110946
700   $aGarcía-Cintado$b Alejandro$4aut$4http://id.loc.gov/vocabulary/relators/aut$01059454
702   $aRomero-Ávila$b Diego$4aut$4http://id.loc.gov/vocabulary/relators/aut
702   $aUsabiaga$b Carlos$4aut$4http://id.loc.gov/vocabulary/relators/aut
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910298549103321
996   $aSpanish Regional Unemployment$92505908
997   $aUNINA