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Introduction

In: Spanish Regional Unemployment

Author

Listed:
  • Alejandro García-Cintado

    (Pablo de Olavide University)

  • Diego Romero-Ávila

    (Pablo de Olavide University)

  • Carlos Usabiaga

    (Pablo de Olavide University)

Abstract

Over the last decades, the Spanish economy has stood out as the advanced country with the highest unemployment rate. This outrageous figure has encouraged many international researchers to embark on the study of this phenomenon from different perspectives, with the hope of coming up with an adequate solution. In addition to being exceptionally high, the Spanish rate of unemployment has also turned out to be abnormally persistent, as many econometric studies have highlighted. Empirical work using unit root and stationarity tests has tried to discriminate among alternative macroeconomic schools/paradigms as regards the distinct approach to the labour market. In the case of the Spanish unemployment rate, the majority of such work overall points to a highly hysteretic scenario.

Suggested Citation

  • Alejandro García-Cintado & Diego Romero-Ávila & Carlos Usabiaga, 2014. "Introduction," SpringerBriefs in Economics, in: Spanish Regional Unemployment, edition 127, chapter 0, pages 1-7, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-03686-1_1
    DOI: 10.1007/978-3-319-03686-1_1
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