The aim of this paper is to present a systematic and detailed account regarding the behavior of Spanish regional unemployment rates throughout the last two decades of the 20th century. In a first approach we use descriptive techniques that allow to confirm the existence, and especially the...

The existence and persistence of regional disparities is a common problem of many European economies. However, in Spain, this fact exhibits a characteristic feature: a strong positive relationship with the business cycle. The analysis in this paper investigates the relationship between this...

In this paper we show a new social accounting matrix for the Spanish economy in 1990 (SAM-90). Our starting point is a detailed evaluation of MCS-90, the social accounting matrix published in 1997 by the INE, and elaborated by a research group of the IVIE. SAM-90 put remedies to the...

On both theoretical and empirical grounds, this paper provides evidence that refutes the natural rate of unemployment (NRU) hypothesis as an explanation of the evolution of regional disparities in the unemployment rate. We first present our analytical framework, which follows the chain reaction...

In this paper we analyse the consequences of changes in the consumption patterns on unemployment through an intermediate channel via investment. Specifically, after presenting our theoretical framework, we build a dynamic econometric multiequational model, in which we estimate a consumption...

In this paper we address the recent evolution of saving rates in the Spanish economy using regional data. The onset of the Great Recession has been followed by increasing saving rates, which may reflect precautionary behaviour of households. Thus, we test precautionary saving theory for a panel...

En este trabajo se aborda la diferencia entre la tasa de desempleo en España y Portugal. Las teorías tradicionales explican los movimientos del desempleo como resultado de los movimientos de la Tasa Natural de Paro o como resultado de shocks temporales con efectos permanentes sobre el de-...

This paper addresses the influence of the wage bargaining decentralization process undertook in the Spanish economy since 1986 on the Galician labour market and its ability to create employment. We estimate a wage setting equation for Galicia and for the rest of Spain, and conclude that this...

This paper provides new evidence on the recent evolution of the unemployment rate in Spain. Specifically, we interpret the movements of the unemployment rate under the Chain Reaction Theory, whereby unemployment is viewed as the outcome of the interplay of a series of lagged adjustment processes...