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The Relationship Between Regional and National Unemployment

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Author Info
David Shepherd
Robert Dixon

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Abstract

An important issue in the analysis of regional unemployment is whether movements in regional unemployment rates reflect the impact of region-specific shocks or shocks affecting the entire economy. Previous studies have examined this problem by considering how the regional rates move in relation to the national unemployment rate. However, it has to be remembered that the national rate is merely a weighted average of the regional rates. In this paper we show that misleading correlation or regression results are likely to be generated by such models and that the problem can best be avoided by utilizing available information about the interactions between the regional unemployment rates directly rather than their relationship to the national rate. The theoretical arguments are illustrated with simulation experiments and as a practical example we consider the relationship between regional and national unemployment in Australia. Une question-clé quant à l'analyse du chômage régional c'est de savoir si, oui ou non, la variation du taux de chômage régional reflète l'impact des chocs spécifiques à une région ou bien des chocs qui touchent une économie dans son ensemble. Des études antérieures ont examinéce problème en considérant comment les taux de chômage régionaux varient par rapport au taux de chômage national. Il est à noter que le taux national ne constitue qu'une moyenne pondérée des taux régionaux. Cet article cherche à démontrer que de tels modèles risquent d'engendrer des corrélations ou des régressions trompeuses et que l'emploi des renseignements disponibles sur l'interaction directe des taux de chômage plutôt que leur rapport au taux national permet d'éviter ce problème. Les arguments théoriques sont illustrées à partir des simulations et, à titre d'étude de cas, on considère le rapport entre le chômage régional et le chômage national en Australie. Bei der Analyse regionaler Erwerbslosigkeit erhebt sich die wichtige Frage, ob Verschiebungen der Erwerbslosigkeit auf regionaler Ebene die Auswirkung regionalspezifischer oder die die Gesamtwirtschaft betreffenden Erschütterungen widerspiegeln. Frühere Studien haben dieses Problen untersucht, indem sie Vergleiche zwischen der Verschiebung der Raten auf Regionalebene im Verhältnis zur Erwerbslosigkeit auf Landesebene anstellten. Man muß jedoch bedenken, daß die Landesrate nur einen höher bewerteten Durchschnitt der Regionalraten darstellt. Die Autoren zeigen in diesem Aufsatz, daß solche Modelle durchaus irreführende Korrelationen oder Regressionsresultate ergeben können, und daß dies Problem am ehesten vermieden wird, wenn verfügbare Daten bezüglich den Wechselwirkungen zwischen regionalen Erwerbslosigkeitsraten direkt in Anwendung gebracht werden, statt ihre Beziehung zur Landesrate einzusetzen. Die theoretischen Argumente werden mit Simulationsexperimenten illustriert, und als praktisches Beispiel führen die Autoren die Beziehung zwischen Erwerbslosigkeit auf regionaler und auf Landesebene in Australien an.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Regional Studies.

Volume (Year): 36 (2002)
Issue (Month): 5 (July)
Pages: 469-480
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Handle: RePEc:taf:regstd:v:36:y:2002:i:5:p:469-480

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Related research
Keywords: Regional Unemployment; Constructed Variables; Misleading Regressions;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-76, March. [Downloadable!] (restricted)
  2. Phillips, P.C.B., 1986. "Understanding spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 33(3), pages 311-340, December. [Downloadable!] (restricted)
    Other versions:
  3. R.J. Johnston, 1979. "On the relationships between regional and national unemployment trends," Regional Studies, Taylor and Francis Journals, vol. 13(5), pages 453-464, October. [Downloadable!] (restricted)
  4. Guy Debelle & James Vickery, 1998. "Labour Market Adjustment: Evidence on Interstate Labour Mobility," RBA Research Discussion Papers rdp9801, Reserve Bank of Australia. [Downloadable!]
    Other versions:
  5. Dixon, Robert & Shepherd, David, 2001. "Trends and Cycles in Australian State and Territory Unemployment Rates," The Economic Record, The Economic Society of Australia, vol. 77(238), pages 252-69, September. [Downloadable!] (restricted)
    Other versions:
  6. Dixon, R. & Shepherd, D., 2000. "Misleading Regressions with Constructed Variables," Department of Economics - Working Papers Series 754, The University of Melbourne. [Downloadable!]
  7. Ron Martin, 1997. "Regional Unemployment Disparities and their Dynamics," Regional Studies, Taylor and Francis Journals, vol. 31(3), pages 237-252, May. [Downloadable!] (restricted)
  8. Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 2(2), pages 111-120, July. [Downloadable!] (restricted)
  9. Cochrane, John H., 1991. "A critique of the application of unit root tests," Journal of Economic Dynamics and Control, Elsevier, vol. 15(2), pages 275-284, April. [Downloadable!] (restricted)
  10. Pesaran, M.H., 1992. "A Generalised R2 Criterion for Regression Models Estimated by the Instrumental Variable Method," Cambridge Working Papers in Economics 9220, Faculty of Economics, University of Cambridge.
  11. Groenewold, Nicolaas & Hagger, A J, 1998. "The Natural Unemployment Rate in Australia since the Seventies," The Economic Record, The Economic Society of Australia, vol. 74(224), pages 24-35, March.
  12. Crosby, M. & Olekalns, N., 1997. "Inflation, Unemployment and the Nairu in Australia," Department of Economics - Working Papers Series 543, The University of Melbourne.
    Other versions:
  13. Mitchell, William F, 1993. "Testing for Unit Roots and Persistence in OECD Unemployment Rates," Applied Economics, Taylor and Francis Journals, vol. 25(12), pages 1489-1501, December.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Robert Dixon & John Freebairn & Emayenesh Seyoum-Tegegn, 2008. "State & Territory Beveridge Curvesand the National Equilibrium Unemployment Rate," Department of Economics - Working Papers Series 1033, The University of Melbourne. [Downloadable!]
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