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Spatio-temporal dynamics in Swiss regional unemployment

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  • Rolf Schenker
  • Martin Straub

Abstract

It is generally accepted that regional labor markets are characterized by strong interdependencies. However, only few studies include spatial elements to their estimations. Using the model framework proposed by Cli and Ord (1973, 1981) and the estimation technique proposed by Kelejian and Prucha (1998), we estimate a spatial time series model for the Swiss cantonal unemployment rates on a quarterly level. Our model contains a spatial lag in the level and in the error term, as well as further exogenous explanatory variables. While both spatial lags turn out to be significant in our estimations, the dependency in the error term seems to be even stronger than the one in the level.

Suggested Citation

  • Rolf Schenker & Martin Straub, 2011. "Spatio-temporal dynamics in Swiss regional unemployment," KOF Working papers 11-274, KOF Swiss Economic Institute, ETH Zurich.
  • Handle: RePEc:kof:wpskof:11-274
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    File URL: http://dx.doi.org/10.3929/ethz-a-006353323
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    References listed on IDEAS

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    1. Sarah M. Lein & Thomas Maag, 2011. "The Formation Of Inflation Perceptions: Some Empirical Facts For European Countries," Scottish Journal of Political Economy, Scottish Economic Society, vol. 58(2), pages 155-188, May.
    2. Paolo del Giovane & Silvia Fabiani & Roberto Sabbatini, 2009. "What's Behind "Inflation Perceptions"? A Survey-Based Analysis of Italian Consumers," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 68(1), pages 25-52, April.
    3. Christopher D. Carroll, 2003. "Macroeconomic Expectations of Households and Professional Forecasters," The Quarterly Journal of Economics, Oxford University Press, vol. 118(1), pages 269-298.
    4. Lena Vogel & Jan-Oliver Menz & Ulrich Fritsche, 2009. "Prospect Theory and Inflation Perceptions - An Empirical Assessment," Macroeconomics and Finance Series 200903, Hamburg University, Department Wirtschaft und Politik.
    5. Wilbert Van der Klaauw & Wändi Bruine de Bruin & Giorgio Topa & Simon M. Potter & Michael F. Bryan, 2008. "Rethinking the measurement of household inflation expectations: preliminary findings," Staff Reports 359, Federal Reserve Bank of New York.
    6. Eife, Thomas, 2006. "Currency Changeovers as Natural Experiments," Munich Dissertations in Economics 5839, University of Munich, Department of Economics.
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    Cited by:

    1. Christoph Basten & Michael Siegenthaler, 2013. "Do immigrants take or create residents' jobs?," KOF Working papers 13-335, KOF Swiss Economic Institute, ETH Zurich.
    2. Siegenthaler, Michael & Basten, Christoph, 2013. "Do immigrants take or create residents jobs? Quasi-experimental evidence from Switzerland," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79780, Verein für Socialpolitik / German Economic Association.

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    Keywords

    Regional Unemployment; Spatial Econometrics; Switzerland;

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