Análisis Dinámico de la Relación entre Ciclo Económico y Ciclo del Desempleo en Andalucía en Comparación con el Resto de España

Javier Pérez, Jesús Rodríguez-López () and Carlos Usabiaga

No E2002/07, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: We estimate the Okun Law for Andalusia and Spain using quarterly data for the period 1984-2000. We take a VAR approach that allows us to unveil the different dynamic behaviour of the relationship between the output gap and the unemployment gap in the two regions, as well as the asymmetric nature of it. Our findings suggest that the lower responsiveness of the unemployment gap to the output gap is due to two main factors: i. the flows from the labour force to the outside of the labour force are larger in Andalusia; ii. The higher share of the farm unemployment in Andalusia.

Keywords: Okun Law; business cycle; unemployment; non-linearity; regional economics (search for similar items in EconPapers)
JEL-codes: C22 E24 E32 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2002
New Economics Papers: this item is included in nep-geo and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:cea:doctra:e2002_07

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