The Causes of Spanish Unemployment: A Structural VAR Approach

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Show simple item record Dolado, Juan José Jimeno, Juan F. 2009-01-29T12:25:05Z 2009-01-29T12:25:05Z 1997-07
dc.identifier.bibliographicCitation European Economic Review, 1997, 41, 7, p. 1281-1307
dc.identifier.issn 0014-2921
dc.description.abstract In this paper, we review the main causes of Spanish unemployment and weight them by estimating a simple macroeconomic model using the structural VAR methodology. By using this methodology we associate different causes of unemployment with shocks of different nature which have long-lasting effects due to full hysteresis. We claim that such an extreme assumption on ?state dependency? is reasonable, at least as a local approximation, for the period and the economy at hand. Our results suggest that the combination of a plausible mixture of different types of shock and extreme persistence in their propagation mechanisms can satisfactorily explain the dismal performance of the Spanish labour market during the last two decades.
dc.format.mimetype text/plain
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Elsevier
dc.rights © Elsevier
dc.subject.other Unemployment
dc.subject.other Hysteresis
dc.subject.other Structural VAR
dc.title The Causes of Spanish Unemployment: A Structural VAR Approach
dc.type article PeerReviewed
dc.description.status Publicado
dc.subject.jel J60
dc.subject.jel E24
dc.subject.eciencia Economía
dc.identifier.doi 10.1016/S0014-2921(97)00058-5
dc.rights.accessRights openAccess
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