【预订】Spanish Regional Unemployment 9783319036854
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/ 2014-01-28
Product Details 基本信息 ISBN-13 书号 9783319036854 Author 作者 García-Cintado Format 版本 平装-胶订 Pages Number 页数 68页 Publisher 出版社 Springer International Publishing Publication Date 出版日期 2014-01-28 Shipping Weight 商品重量 140g Language 语种 英语 Book Contents 内容简介 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 s
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