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Unemployment Volatility and Regional Specialization in the European Union

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  • Roberto Ezcurra

Abstract

Ezcurra R. Unemployment volatility and regional specialization in the European Union, Regional Studies. This paper examines the link between unemployment volatility and the sectoral composition of economic activity in the regions of the European Union over the period 1980-2004. To that end, different spatial econometric techniques are used that allow the investigation of the role played in this context by spatial effects and geographical spillovers. The results show that unemployment volatility is positively related to regional specialization in the European Union. This finding does not depend on the use in the analysis of absolute or relative specialization measures. [image omitted] Ezcurra R. L'instabilite du chomage et la specialisaiton regionale dans l'Union europeenne, Regional Studies. Cet article cherche a examiner le lien entre l'instabilite du chomage et la structure sectorielle de l'activite economique dans les regions de l'Union europeenne entre 1980 et 2004. Dans ce but, on emploie diverses techniques econometriques qui permettent un examen du role joue dans ce contexte par les effets et les retombees geographiques. Les resultats laissent voir une correlation etroite entre l'instabilite du chomage et la specialisation regionale dans l'Union europeenne. Ce resultat ne depend pas de l'emploi dans l'analyse des mesures de specialisation absolues ou relatives. Chomage Instabilite Specialisaton Regions Union europeenne Ezcurra R. Volatilitat der Arbeitslosigkeit und regionale Spezialisierung in der Europaischen Union, Regional Studies. In diesem Artikel wird die Beziehung zwischen der Volatilitat der Arbeitslosigkeit und der sektoralen Zusammensetzung der Wirtschaftstatigkeit in den Regionen der Europaischen Union im Zeitraum von 1980 bis 2004 beschrieben. Zu diesem Zweck kommen verschiedene raumliche okonometrische Techniken zum Einsatz, die eine Untersuchung der Rolle von raumlichen Effekten und geografischen Ubertragungen in diesem Kontext ermoglichen. Aus den Ergebnissen geht hervor, dass die Volatilitat der Arbeitslosigkeit in der Europaischen Union in einer positiven Beziehung zur regionalen Spezialisierung steht. Dieses Ergebnis hangt nicht davon ab, ob bei der Analyse absolute oder relative Massstabe der Spezialisierung eingesetzt werden. Arbeitslosigkeit Volatilitat Spezialisierung Regionen Europaische Union Ezcurra R. Volatilidad de las tasas de desempleo y especializacion regional en la Union Europea, Regional Studies. Este trabajo estudia la relacion entre la volatilidad de las tasas de desempleo y la composicion sectorial de la actividad economica en las regiones de la Union Europea a lo largo del periodo 1980-2004. Para ello el autor utiliza diferentes tecnicas de econometria espacial que permiten determinar la importancia en este contexto de la localizacion geografica de las distintas regiones. El analisis llevado a cabo muestra que la volatilidad de las tasas de desempleo esta correlacionada positivamente con el nivel de especializacion regional. De hecho, este resultado no depende de la utilizacion en el analisis de medidas de especializacion absolutas o relativas. Desempleo Volatilidad Especializacion Regiones Union Europea

Suggested Citation

  • Roberto Ezcurra, 2011. "Unemployment Volatility and Regional Specialization in the European Union," Regional Studies, Taylor & Francis Journals, vol. 45(8), pages 1121-1137.
    • Handle: RePEc:taf:regstd:v:45:y:2011:i:8:p:1121-1137
    DOI: 10.1080/00343401003713332
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    2. Roberto Ezcurra & Vicente Rios, 2015. "Volatility and Regional Growth in Europe: Does Space Matter?," Spatial Economic Analysis, Taylor & Francis Journals, vol. 10(3), pages 344-368, September.
    3. Marina Malkina, 2019. "How Change in Industry Mix Can Improve the Financial Performance of Regional Economies: Evidence from the Portfolio Approach," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 67(6), pages 1561-1575.
    4. Marina Yurievna Malkina, 2018. "Instability of Financial Return of Regional Economies and Its Determinants," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 3, pages 88-114.
    5. Florin Oprea & Mihaela Onofrei & Dan Lupu & Georgeta Vintila & Gigel Paraschiv, 2020. "The Determinants of Economic Resilience. The Case of Eastern European Regions," Sustainability, MDPI, vol. 12(10), pages 1-11, May.
    6. Seoyoung Yu & Donghyun Kim, 2021. "Changes in Regional Economic Resilience after the 2008 Global Economic Crisis: The Case of Korea," Sustainability, MDPI, vol. 13(20), pages 1-14, October.
    7. Sébastien BOURDIN, 2018. "Géographie de la résilience des régions européennes face à la crise (2008-2013)," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 48, pages 53-70.
    8. Jan Ženka & Marcela Chreneková & Lucie Kokešová & Veronika Svetlíková, 2021. "Industrial Structure and Economic Resilience of Non-Metropolitan Regions: An Empirical Base for the Smart Specialization Policies," Land, MDPI, vol. 10(12), pages 1-21, December.
    9. Lisa Gianmoena & Vicente Rios, 2018. "The Determinants of Resilience in European Regions During the Great Recession: a Bayesian Model Averaging Approach," Discussion Papers 2018/235, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    10. Mikhail Martynovich & Teis Hansen & Karl-Johan Lundquist, 2023. "Can foundational economy save regions in crisis?," Journal of Economic Geography, Oxford University Press, vol. 23(3), pages 577-599.
    11. Steven C. Deller & Tessa Conroy & Philip Watson, 2017. "Women business owners: a source of stability during the great recession?," Applied Economics, Taylor & Francis Journals, vol. 49(56), pages 5686-5697, December.
    12. Dongmei Guo & Die Hu & Weizeng Sun, 2023. "Effect of goods market segmentation on labor mobility: Evidence from China," Review of Development Economics, Wiley Blackwell, vol. 27(1), pages 423-449, February.

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