RT info:eu-repo/semantics/article
T1 An Empirical Analysis of Natural and Cyclical Unemployment at the Provincial Level in Spain
A1 Cuéllar Martín, Jaime
A1 Martín Román, Ángel Luis
A1 Moral de Blas, Alfonso
K1 Unemployment
K1 Local labour markets
K1 Spatial dependence
AB Differences in regional unemployment rates, as well as their formation mechanism and persistence, have given rise to many papers in recent decades. The present work contributes to this strand of literature from two different perspectives. In the first part of our work, we follow the methodological proposal put forward by Hofler and Murphy (1989) and Aysun et al. (2014). We use a stochastic cost frontier to break down actual Spanish provincial unemployment (NUTS-3) into two different estimation components: the first associated with aggregate supply side factors, and the other more related to aggregate demand side factors. The second part of our research analyses the existence of spatial dependence patterns among Spanish provinces in actual unemployment and in the two above-mentioned components. The decomposition carried out in the first part of our research tells us what margin policymakers have when dealing with unemployment reductions by means of aggregate supply and aggregate demand poli- cies. Finally, spatial analysis of unemployment rates in Spanish provinces may also have significant implications from the standpoint of economic policy since we find common formation patterns or clusters of unemployment.
PB Springer
YR 2018
FD 2018
LK http://uvadoc.uva.es/handle/10324/32393
UL http://uvadoc.uva.es/handle/10324/32393
LA eng
NO Applied Spatial Analysis and Policy (2018). First Online
NO Producción Científica
DS UVaDOC
RD 23-dic-2024