The nature of regional unemployment in Italy

Lanzafame, Matteo

doi:10.1007/s00181-009-0331-5

Cited by 19 publications

(12 citation statements)

References 72 publications

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“…This is an interesting finding, which is somehow consistent with the (although impure) hysteresis Italian regional economies have been recognized in terms of unemployment (e.g. Lanzafame, 2010Lanzafame, , 2012. As we said, this "multiplier effect" has already been detected in empirical studies at the firm-industry level (Dejardin, 2004), and interpreted by considering the induced effects of the death of an important business partner along the industry supply chain.…”

Section: Resultssupporting

confidence: 87%

Spatial agglomeration and firm exit: a spatial dynamic analysis for Italian provinces

2013

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The paper investigates the effect of spatial agglomeration on firm exit in a dynamic framework. Using a large dataset at the industry-province level for Italy (1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007), we estimate a spatial dynamic panel model via a GMM estimator and analyze the short-run impact of specialization and variety on firm exit. Specialization negatively affects firm exit rates in the short-run. The effect is particularly significant for low-tech firms. The impact of variety on firm mortality rates at the industry level is instead less clear, although still negative and significant for low-tech firms.

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Section: Resultssupporting

confidence: 87%

Spatial agglomeration and firm exit: a spatial dynamic analysis for Italian provinces

2013

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“…Examples of empirical studies that have examined the time series behavior of unemployment using more recent methods that take into account the presence of nonlinearities, structural breaks or cross-sectional dependence (in the context of panel unit root tests) among countries or regions in unemployment rates include, among others, Gustavsson and Österholm (2006), Christopoulos and Leon-Ledesma (2007), Caporale and Gil-Alana (2008), Lanzafame (2010), Holl and Kunst (2011), while for Greece, the recent study of Bakas and Papapetrou (2014) offers an examination of the stochastic properties of Greek regional unemployment rates [3]. Gustavsson and Österholm (2006) employ the Kapetanios et al (2003) KSS procedure that tests the null hypothesis of a unit root against the alternative of a globally stationary nonlinear exponential smooth transition autoregressive process.…”

Section: Introductionmentioning

confidence: 99%

Unit roots and trend breaks in the Greek labor market

Venetis

Salamaliki

2015

Journal of Economic Studies

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Purpose – The purpose of this paper is to examine the time series behavior of Greek labor market series by providing an empirical perspective on trend breaks and unit roots. Trend breaks represent aggregate behavior responses to “infrequent” changes in economic fundamentals, including changes in fiscal or labor market conditions, as have been perceived in Greece during the last years. Unit roots reveal whether “regular” shocks have significant effects on the level of the series over a specified finite horizon. Design/methodology/approach – The authors employ recent procedures that deal with the “circular testing problem” between tests on the parameters of the trend function and unit root tests that often arises in empirical applications. These techniques assess trend function stability and are robust regardless of whether the noise component is stationary or having a unit root. Then, conditional on the presence of breaks, the authors test whether the series can be characterized by a stochastic trend. Findings – The analysis provides evidence of “infrequent” trend breaks that appear to coincide with the recent global economic crisis and the implementation of the counteraction (fiscal) measures to the Greek debt crisis. Allowing for trend breaks does not lead to a rejection of the unit root hypothesis, which might reflect the low flexibility of the country’s labor market operation. Practical implications – The procedures employed can be viewed as new tools that might help empirical researchers to explore more accurately the characteristics of individual time series and to find reasonable approximations to the true processes of the time series examined. Originality/value – The paper provides new information on the presence of structural changes in the Greek labor market, and on whether the “aggressive” and “occasional” nature of fiscal measures can be approximated by infrequent changes in the slope of the trend function.

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“…Cross-sectional dependence is an 1 For a survey on the theories of hysteresis and a review on theoretical and empirical evidence on hysteresis see among others Roed (1997), Lanzafame (2010) and Bakas and Papapetrou (2012).…”

Section: Introductionmentioning

confidence: 99%

Unemployment by Gender: Evidence from EU Countries

Bakas

Papapetrou

2013

Int Adv Econ Res

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This paper applies panel unit-root tests that allow for structural breaks and cross-sectional dependence to examine the validity of hysteresis in gender unemployment rates and gender unemployment gap for a panel of 15 European countries. Addressing breaks, there is evidence to reject the null hypothesis of hysteresis for the unemployment rates and unemployment gap series. Allowing for both cross-sectional dependence and heterogeneous structural breaks this result is reverted and we fail to reject the null hypothesis of unit root.

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The nature of regional unemployment in Italy

Cited by 19 publications

References 72 publications

Spatial agglomeration and firm exit: a spatial dynamic analysis for Italian provinces

Spatial agglomeration and firm exit: a spatial dynamic analysis for Italian provinces

Unit roots and trend breaks in the Greek labor market

Unemployment by Gender: Evidence from EU Countries

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