Explaining the Common Stochastic Trend in Spanish Regional Unemployment: Granger-Causality Analysis

Alejandro García-Cintado (), Diego Romero-Ávila () and Carlos Usabiaga
Additional contact information
Alejandro García-Cintado: Pablo de Olavide University
Diego Romero-Ávila: Pablo de Olavide University

Chapter Chapter 3 in Spanish Regional Unemployment, 2014, pp 23-43 from Springer

Abstract: Abstract This chapter delves deeper into the likely sources of Spanish unemployment by making use of a broad collection of institutional and macroeconomic variables which, the economic literature suggests, can exert an influence on unemployment. Specifically, we focus on studying whether each variable individually considered Granger-causes the common factor of the unemployment rate and find that there is a wide range of macroeconomic and institutional variables that might be useful for anticipating a change in the unemployment rate. By determining the factors responsible for the common hysteretic patterns in Spanish unemployment, we will be in a position to suggest policies that can help tackle this problem.

Keywords: Unemployment rate; Granger-causality; Vector autoregression (search for similar items in EconPapers)
Date: 2014
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:spr:spbchp:978-3-319-03686-1_3

Ordering information: This item can be ordered from
http://www.springer.com/9783319036861

DOI: 10.1007/978-3-319-03686-1_3

Access Statistics for this chapter

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