Author: Alfonso Moral de Blas
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Author: Amy Lynn Hayes
Publisher:
ISBN:
Category :
Languages : en
Pages : 190

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Author: Alejandro García-Cintado
Publisher: Springer Science & Business Media
ISBN: 3319036866
Category : Business & Economics
Languages : en
Pages : 71

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Book Description
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.

Author: Lucy Qian Liu
Publisher: International Monetary Fund
ISBN: 1484392396
Category : Business & Economics
Languages : en
Pages : 30

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Book Description
This paper studies the main factors that explain the low regional mobility in Spain, with a view to identifying policy options at the regional and central level to promote labor mobility. The empirical analysis finds that house prices, labor market conditions, and the pervasiveness of labor market duality at the regional level are the main determinants for Spain’s regional mobility, while labor market institutions and policies play an important role at the national level. Policies that facilitate wage setting flexibility and reduce labor market duality could help enhance the functioning of the labor market, thereby promoting labor mobility. There may be also room for policies to incentivize people to move and provide support through targeted active labor market policies.

Author: Ángel de la Fuente
Publisher:
ISBN:
Category : Convergence (Economics)
Languages : en
Pages : 32

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Author: Sergio Puente
Publisher:
ISBN:
Category :
Languages : en
Pages : 7

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Book Description
This article aims to analyse the process of per capita income convergence between the different Spanish regions and the factors that may have played a role in this process over the last three decades. The main conclusion is that the distance between the per capita income of the different regions has narrowed, albeit slightly. As regards the factors underlying this process, the convergence of labour productivity is the main element that has helped to reduce regional income dispersion, mainly due to a greater accumulation of capital in regions where income was initially lower. Conversely, neither the labour market variables (employment, unemployment) nor total factor productivity have contributed significantly to the reduction of regional differences during the course of the period analysed.

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484385756
Category : Business & Economics
Languages : en
Pages : 18

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Book Description
This Selected Issues paper on Spain focuses on differences in regional productivity. Recent studies of income convergence among Spanish regions suggest that the convergence has been slow since 1980 reflecting persistent regional disparities in total factor productivity. The empirical analysis—employing stochastic frontier models—finds that, among other factors, differences in regions’ skills mismatch and technology absorption capacity could be behind the disparities. A benchmarking exercise demonstrates significant potential growth benefits from policy measures that would bring regions closer to the frontier. Regional income disparities—driven by differences in total factor productivity (TFP) and unemployment—while not large compared with European peers, have been persistent in recent years. The economy’s overall productivity frontier moved inward overtime, but this trend has slowed down after the crisis. The inward shift of the production frontier could be one of the explanations for the negative TFP growth observed before the crisis. Active labor market policies at the regional level could also work toward addressing skills mismatch and education outcomes.

Author: Paolo Mauro
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 24

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Author: Raquel Fonseca
Publisher: Presses univ. de Louvain
ISBN: 9782930344089
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
Since the mid-1970s Spain has suffered from persistently high unemployment, as it has occurred in other parts of Europe. Although during the last few years the unemployment level has declined, there are still enormous disparities in the unemployment rate across groups, skills and regions. This thesis attempts to shed some light on the mechanisms of unemployment persistence and skill and regional mismatch in Spain. Chapter 1 provides a first introductory analysis of Spanish data. The chapter emphasises the importance of skill and regional mismatch, which may have contributed about fifty percent to the observed increase in total unemployment over the last twenty years. The chapter also studies the cyclical pattern in the Spanish unemployment, which is a very important aspect in view of its magnitude. The following three chapters are devoted to the evaluation of different mechanisms that may have been at work. In all three chapters, the analysis relies on the specification, calibration and simulation of dynamic general equilibrium models with matching on the labour market. Chapter 2 focuses on cyclical fluctuations, with particular emphasis on the role of reallocation shocks. Chapter 3 focuses on « skill mismatch »; more precisely the chapter investigates to what extent unemployment rate disparities across skill groups can be explained in terms of a « ladder effect ». Chapter 4 focuses on regional disparities. A model is built to investigate the possible determinants of regional disparities and the role of labour mobility.

Author: Alfonso Diez-Minguela
Publisher: Springer
ISBN: 3319961101
Category : Business & Economics
Languages : en
Pages : 302

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Book Description
This book traces regional income inequality in Spain during the transition from a pre-industrial society to a modern economy, using the Spanish case to shed further light on the challenges that emerging economies are facing today. Regional inequality is currently one of the most pressing problems in the European Union, and this text presents a novel dataset covering 150 years to analyse long-run trends in regional per capita GDP. Spatial clustering and a new economic geography approach also contribute to the historical analysis provided, which points to the role played by spatial externalities and their growing relevance over time. To identify the presence of spatial dependence is crucial, not only for getting a better understanding of distribution dynamics, but also for economic policy purposes. What are the potential causes behind the disparities in regional per capita income and productivity? The authors answer this by comparing results with evidence available for other countries, chiefly France, Italy and Portugal, but is of global relevance.