UNEMPLOYMENT DYNAMICS IN SPAIN, A REGIONAL ANALYSIS WITH A MARKOV REGIME SWITCHING APPROACH
The aim of this paper is to analyze the Spanish unemployment dynamics, on national and regional levels, with a Markov Regime Switching model on quarterly data from 2002 to 2020. We test for hysteresis; we estimate the transition probabilities of regime change and the relative expected durations. Ou...
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| Format: | Article |
| Language: | English |
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Journal of Smart Economic Growth
2022-08-01
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| Series: | Journal of Smart Economic Growth |
| Online Access: | https://jseg.ro/index.php/jseg/article/view/183 |