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.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Blanchard, O. J. and P. Diamond (1989) ‘The Beveridge Curve’, Brookings Papers on Economic Activity, vol. 1, pp. 1–60.
Blanchard, O. J. and P. Diamond (1990) ‘The aggregate matching function’, Productivity, Growth and Unemployment: Essays in Honour of Robert Solow’s Birthday (Cambridge, MASS: MIT Press).
Blanchard et al. (1995) ‘Spanish Unemployment: Is there a Solution?’ (London: CEPR).
Burda, M. and C. Wyplosz (1990) ‘Gross Labour Market Flows in Europe: Some Stylised Facts’, Discussion Paper, series no. 439 (London: CEPR).
Burda, M. and C. Wyplosz (1993) ‘Gross Labour Market Flows in Europe’, Discussion Paper series no. 868 (London: CEPR).
Burns, T. (1997) Financial Times, 10 April, p. 2.
Coles, Melvyn G. and E. Smith (1996) ‘Cross Section Estimation of the Matching Function: Evidence horn England and Wales’, Econometrica, vol. 63, pp. 589–97.
Dolado, J. and R. Gomez (1996) The relationship between unemployment and vacancies in Spain: Aggregate and Structural shocks (Spain: Bank of Spain).
Layard R., N. Nickell, and R. Jackman (1991) Unemployment, Macroeconomic Performance and the Labour Market, (Oxford: Oxford University Press).
Pissarides, C. (1986) ‘Unemployment and vacancies in Britain’, Economic Policy, vol. 3, pp. 499–559.
Pissarides, C. (1990) Short Run Equilibrium Dynamics of Unemployment, Vacancies and Real Wages: Equilibrium Unemployment Theory (Oxford: Basil Blackwell).
Editor information
Editors and Affiliations
Copyright information
© 2002 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Figuerola-Ferretti, I., Paraskevopoulos, Y.G. (2002). Spanish Unemployment — a Hiring Function Approach: GARCH-M Model. In: Korres, G.M., Bitros, G.C. (eds) Economic Integration. Palgrave Macmillan, London. https://doi.org/10.1057/9780230629257_9
Download citation
DOI: https://doi.org/10.1057/9780230629257_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-40548-0
Online ISBN: 978-0-230-62925-7
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)