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The Okun law for Andalusia and Spain is estimated using quarterly data (1984-2000). We take a VAR approach that allows us to unveil the different dynamic behaviour of the relationship between the output gap and the unemployment gap in the two economies, as well as the asymmetric nature of that...
Persistent link: https://www.econbiz.de/10010992296
The present paper seeks to analyse regional and industry wage differentials in Spain. Differences in observed industry and regional earnings are to be expected, whenever the considered individuals differ with respect to their human capital characteristics. However, this paper shows, using data...
Persistent link: https://www.econbiz.de/10010992271