Introduction -- PANIC Analysis of Spanish Regional Unemployment -- Explaining the Common Stochastic Trend in Spanish Regional Unemployment: Granger-Causality Analysis -- Policy Considerations Drawn from Our Results -- Concluding Remarks -- Appendix.

The behavior of Spanish inflation rates at the provincial level (consumption prices) differs over the two spans of time considered in our study (1955.1-1978.6, 1978.7-2014.4). We point to a long list of institutional and economic changes, at national and international levels, as the potential...

Summary This paper presents an investigation of the unit root hypothesis for per capita real GDP series in 46 African countries from Maddison (2003) over the period spreading during 1950 and 2001. Toward this end, we employ highly flexible panel techniques which incorporate multiple mean and...

The distribution of the common law was conditioned by a colonial strategy sensitive to the colonies’ level of endowments, exhibiting a more effective implantation of the legal system in initially sparsely populated territories with a temperate climate. This translates into a negative...

The influence of government size on per capita GDP growth has attracted much interest from scholars during the past two decades. However, despite all the work conducted, there is no consensus among researchers on the importance of government size in affecting economic growth. Some authors find...

Cross-country differences in output persistence are well documented in the literature. Further, Fatás (2000) finds a strong positive correlation between the persistence of fluctuations and long-term average growth rates for a sample that includes the G7 countries and eight additional OECD...

This article investigates the degree of persistence of different inflation rates for the Spanish economy using the Consumer Price Index (CPI) for the aggregate as well as for the regions, provinces and eight groups of goods and services, in addition to the Producer Price Index (PPI) for the...