Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. ABSTRACT. An interesting feature of the dynamics of unemployment in the EU economies is that while the aggregate unemployment rates move with the business cycle, its regional distribution seems to remain quite stable or tends to a sort of polarisation. This paper discusses different hypotheses that have been proposed to explain heterogeneity in the spatial distribution of unemployment, and performs an empirical analysis for the Spanish provinces. Terms of use: Documents inThe paper assesses the effects of skill and sectoral mismatch, and demographic factors in explaining spatial differences in unemployment rates. Although regional differences in sectoral specialisation and skills account for some of the dispersion in the distribution in the mid-eighties, they have no role in explaining the one today. In turn, demography became more important at the end of the period, though it is not able to explain completely the emergence of (at least) two clusters of regions with separate unemployment rates.
Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract: This paper proposes a set of tools for analysing the regional distribution of unemployment. As we were interested in the characteristics of the distribution as a whole, results from a traditional regression analysis were complemented with those obtained by estimating its external shape before and after being conditioned to factors underlying regional unemployment. In addition, the paper specifically considers the spatial characteristics of the distribution, and the empirical model developed in order to determine explanatory factors includes spatial effects. This framework is applied to the study of the provincial distribution of unemployment rates in Spain. Results point to increasing spatial dependence in the distribution of regional unemployment rates, and a change in the factors causing regional differentials over the last decade. Terms of use: Documents in EconStor may
Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may AbstractWe provide evidence on the PPP hypothesis using a sample of …fty Spanish cities for a long time period through the application of panel data unit root tests. Although results suggest non-rejection of the PPP, short-run deviations -as measured by half-lives-indicate that real factors might be causing a slow rate of convergence to a common price index, even in highly integrated economies.
In this paper we extend the test of periodic integration proposed by Boswijk and Franses (1996) allowing for a change in the mean. We provide the asymptotic distribution and show that is the square of the distribution obtained by Perron and Vogelsang (1992a,1992b). In a Monte-Carlo experiment we show a good behaviour of the test in terms of size and power. Finally we have illustrated the use of the test in an empirical application to the case of external imbalances in the eurozone.
NATURE 647 had been unrecognised. As a result of his inspection, choice specimens from private collections in several instances have now been placed in local museums. Among the rarer and more unexpected of his finds are examples of Buddhist sculpture from Java at Edinburgh, Dublin, Elgin and Hawick, fine paintings of the Rajput, Kangra, and Moghul Schools at Halifax, Manchester and Edinburgh, and sculptures
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