Does immigration affect the Phillips curve? Some evidence for Spain

Bentolila, Samuel; Dolado, Juan J.; Jimeno, Juan F.

doi:10.1016/j.euroecorev.2008.07.001

Cited by 69 publications

(37 citation statements)

References 28 publications

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“…For instance, according to InstitutoNacional de Estadística during this period the rate of growth of GDP in Spain was 3.8% whereas in Navarra it was 3.7 %. Similarly, unemployment in Spain decreased by 14% between 1995 and 2006 (Bentolila, Dolabo, & Jimeno, 2008) while in Navarra it decreased by almost 18% between 1998 and 2007. This nine year gap has two effects on our analysis.…”

Section: Macroeconomic Setting and Datamentioning

confidence: 99%

The Impact of Market Environments on Marketing Relationships

Betancourt¹,

Chocarro²,

Cortiñas³

et al. 2014

IJMS

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This paper addresses empirically two issues. One is whether or not basic marketing relationships at the establishment level are robust to a substantial change in the market environment. Another one is whether after this event takes place the marketing relationships for new establishments are the same as those for existing establishments. We rely on two data sets: a survey of gas stations in 1998 in Pamplona, Spain, when prices of gasoline products were fixed by the government; and a similar survey in 2007, when gas retail prices were determined by market participants as a result of the price liberalization law. Briefly put, customer satisfaction and its determinants have a robust, stable relationship with respect to the law's change in market environment during this nine year period. On the other hand, some aspects of the relation between future patronage intentions and its determinants are substantially altered by the law's change in market environment.

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Section: Macroeconomic Setting and Datamentioning

confidence: 99%

The Impact of Market Environments on Marketing Relationships

Betancourt¹,

Chocarro²,

Cortiñas³

et al. 2014

IJMS

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“…Our main results are confirmed in that extended set-up for which the estimation is more computationally intensive. 5 An important role for labor supply factors in VAR models estimated on US data has been found by Shapiro and Watson (1988), Chang and Schorfheide (2003) and Foroni, Furlanetto and Lepetit (2015). Those shocks are supposed to capture mainly demographic factors, but alternative interpretations have been discussed recently in the literature (cf.…”

Section: Baseline Modelmentioning

confidence: 99%

“…Such an important role for these shocks is not surprising given the large number of labor market variables used as observables in the estimation. 5 esting to re-estimate our model using a measure of unemployment for native Norwegians that has been available since 1995-Q1 rather than the total unemployment rate. Notwithstanding the difference in the sample period, we remark in Figure 7 that the decline in unemployment for natives is almost identical to the decline in total unemployment in our baseline model.…”

Section: Baseline Modelmentioning

confidence: 99%

Immigration and the macroeconomy: Some new empirical evidence

Furlanetto¹,

Robstad²

2019

Review of Economic Dynamics

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We propose a new VAR identifi cation scheme that enables us to disentangle immigration shocks from other macroeconomic shocks. Identifi cation is achieved by imposing sign restrictions on Norwegian data over the period 1990Q1 -2014Q2. The availability of a quarterly series for net immigration is crucial to achieving identifi cation. Notably, immigration is an endogenous variable in the model and can respond to the state of the economy. We fi nd that domestic labour supply shocks and immigration shocks are well identifi ed and are the dominant drivers of immigration dynamics. An exogenous immigration shock lowers unemployment (even among native workers), has a small positive effect on prices and on public fi nances, no impact on house prices and household credit, and a negative effect on productivity.JEL classifi cation: C11, C32, E32. ResumenProponemos un nuevo esquema de identifi cación VAR que nos permite separar perturbaciones migratorias de otras perturbaciones macroeconómicas. La identifi cación se logra imponiendo restricciones de signo a datos noruegos para el período I TR 1990-II TR 2014. La disponibilidad de series trimestrales para la inmigración neta es crucial para lograr identifi cación. En particular, la inmigración es una variable endógena en el modelo y puede responder al estado de la economía. Encontramos que las perturbaciones de oferta de mano de obra doméstica y las perturbaciones migratorias están bien identifi cadas y son los principales impulsores de la dinámica migratoria. Una perturbación exógena de inmigración reduce el desempleo (incluso entre los trabajadores nativos), tiene un pequeño efecto positivo sobre los precios y sobre las fi nanzas públicas, no afecta a los precios de la vivienda ni al crédito de los hogares y tiene un efecto negativo sobre la productividad.Palabras clave: perturbaciones de oferta de trabajo, perturbaciones de inmigración, inmigración laboral, identifi cación, VAR.

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“…36 36 Fast convergence to steady state also allows us also to ignore different developments in the growth rate of the labour force (3.3% and 1.8% in Spain during the good and bad states, respectively, against 0.8% and 1% in France) due to large migration inflows in Spain (Bentolila et al. , 2008 a ).…”

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confidence: 99%

Two‐Tier Labour Markets in the Great Recession: FranceVersusSpain

Bentolila

Cahuc

Dolado

et al. 2012

The Economic Journal

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274

218

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France and Spain have similar labour market institutions and their unemployment rates were both around 8% just before the Great Recession but subsequently that rate has increased to 10% in France and to 23% in Spain. In this article, we assess the part of this differential that is due to the larger gap between the firing costs of permanent and temporary contracts, and the laxer rules on the use of the latter in Spain. A calibrated search and matching model indicates that Spain could have avoided about 45% of its unemployment surge had it adopted the French employment protection legislation.

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Does immigration affect the Phillips curve? Some evidence for Spain

Cited by 69 publications

References 28 publications

The Impact of Market Environments on Marketing Relationships

The Impact of Market Environments on Marketing Relationships

Immigration and the macroeconomy: Some new empirical evidence

Two‐Tier Labour Markets in the Great Recession: FranceVersusSpain

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