Regional Beveridge Curves: A Latent Variable Approach
AbstractD ixon R., L im G. C. and F reebairn J. Regional Beveridge curves: a latent variable approach, Regional Studies . This paper applies an unobserved components model to a panel of Australian data to identify the direction and timing of the shifts in regional Beveridge curves. The approach identifies a common factor while allowing for region-specific effects. The common factor that drives the relationship between regional unemployment and vacancy rates is extracted and it is then related to various explanatory variables. The contribution of common shocks to fluctuations in regional unemployment ranges from 18% to 68%. The paper demonstrates the usefulness of a latent variable approach and, in relation to policy, the findings suggest the need for an explicit regional policy to tackle unemployment in Australia.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Regional Studies.
Volume (Year): 48 (2014)
Issue (Month): 2 (February)
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Other versions of this item:
- Robert Dixon & G.C. Lim & John Freebairn, 2010. "Regional Beveridge Curves: A Latent Variable Approach," Department of Economics - Working Papers Series 1103, The University of Melbourne.
- Robert Dixon & G. C. Lim & John Freebairn, 2010. "Regional Beveridge Curves: A Latent Variable Approach," Melbourne Institute Working Paper Series wp2010n15, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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