Spanish Regional Unemployment Disentangling the Sources of Hysteresi
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 u
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Alejandro García-Cintado Diego Romero-Ávila Carlos Usabiaga
Spanish Regional Unemployment Disentangling the Sources of Hysteresis
SpringerBriefs in Economics
For further volumes: http://www.springer.com/series/8876
Alejandro García-Cintado Diego Romero-Ávila Carlos Usabiaga •
Spanish Regional Unemployment Disentangling the Sources of Hysteresis
123
Alejandro García-Cintado Diego Romero-Ávila Carlos Usabiaga Pablo de Olavide University Seville Spain
ISSN 2191-5504 ISSN 2191-5512 (electronic) ISBN 978-3-319-03685-4 ISBN 978-3-319-03686-1 (eBook) DOI 10.1007/978-3-319-03686-1 Springer Cham Heidelberg New York Dordrecht London Library of Congress Control Number: 2013957709 The Author(s) 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Acknowledgments
We thank Jesús Crespo-Cuaresma, Miguel León-Ledesma, Daniel Oto-Peralías and Simon Wren-Lewis for valuable comments and suggestions. The authors acknowledge financial support from the Spanish Ministry of Science and Technology through grant ECO2009-13357, the Spanish Ministry of Economics and Competitiveness through grant ECO2012-35430 and the Andalusian Council of Innovation and Science under Excellence Project SEJ-4546.
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Contents
1
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . .
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