Spanish Unemployment — a Hiring Function Approach: GARCH-M Model

Isabel Figuerola-Ferretti and Yannis G. Paraskevopoulos

Chapter 9 in Economic Integration, 2002, pp 157-175 from Palgrave Macmillan

Abstract: Abstract The high and persistent unemployment in Spain, and to a lesser extent in Europe as a whole, has become the central theme in macroeconomic policy. Reaching a rate of 25 per cent in 1995 and standing at 21.7 per cent in the first quarter of 1997, Spanish unemployment continues to be a highly important topic for many studies. These attempt to explain the main factors behind the phenomenon, as well as the characteristics of the economies of Spain and other European countries that make them different from countries with a more favourable employment climate, such as Japan and the United States.

Keywords: Labour Market; Hazard Rate; Conditional Variance; Replacement Ratio; Exit Rate (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62925-7_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230629257

DOI: 10.1057/9780230629257_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().