Spatio-temporal dynamics in Swiss regional unemployment

Rolf Schenker and Martin Straub

No 11-274, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: It is generally accepted that regional labor markets are characterized by strong interdependencies. However, only few studies include spatial elements to their estimations. Using the model framework proposed by Cli and Ord (1973, 1981) and the estimation technique proposed by Kelejian and Prucha (1998), we estimate a spatial time series model for the Swiss cantonal unemployment rates on a quarterly level. Our model contains a spatial lag in the level and in the error term, as well as further exogenous explanatory variables. While both spatial lags turn out to be significant in our estimations, the dependency in the error term seems to be even stronger than the one in the level.

Keywords: Regional Unemployment; Spatial Econometrics; Switzerland (search for similar items in EconPapers)
Pages: 46 pages
Date: 2011-02
New Economics Papers: this item is included in nep-geo, nep-lab, nep-mic and nep-ure
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:11-274

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