Kosfeld, Reinhold (contributor); … - 2006
regressions are eventually biased. Therefore, the Beveridge curve is eficiently estimated using a spatial econonometric procedure, where the eigenfunction decomposi tion method suggested by Grifith (2000, 2003) is employed to identify spatial and non
spatial components. As the spatial pattern may vary over time, inference is conducted using a spatial SUR framework. To the best of our knowledge … benefits without really searching for a job. Data on vacancies have to be also interpreted with care. As the vacancies notified cover
only a fraction of the actual stock, detailed knowledge …