able to generate fragile equilibria. For instance, in this literature the natural unemployment rate is allowed to shift … over time depending on past unemployment. Actually, many European unemployment series seem to exhibit a unit root or … persistence. This view is questioned in the paper using German data on unemployment. A new class of time-series models, the …

unemployment persistence. …

Spanish unemployment, focusing on demonstrating its long memory and generating macro-economic models with autoregressive … vectors in which the unemployment variable is presumed to be non-stationary and co-integrated. Its consideration in this … suppose, the same as Skalin and Teräsvirta (2002), a behaviour for unemployment which is locally non-stationary in a globally …

Spain and Portugal are two neighbour economies which share many characteristics. Spanish unemployment is more than … double Portuguese unemployment, however. In this chapter we resort to Structural Vector Autoregression (SVAR) techniques to …, their effects on unemployment were much more long-lasting in Spain than in Portugal. …

This Paper challenges the consensus on the nature of unemployment dynamics in Britain. We show that the argument that … changes in unemployment arise mostly from changes in the duration of unemployment (rather than in the event of becoming … unemployment over the last two decades have been mostly driven by inflow shocks. Our model also provides a new explanation of …

This paper discusses trust and trust perceptions in infrastructure contracts and supporting institutions. We focus on … countries, including the role of regulatory institutions. …

the institutions and infrastructure literature in this respect, using selection-based gravity modeling of trade flows. We …

public input character of physical infrastructure and institutions, and uses an O-ring production function to model the … improvements are likely to be modest relative to the scale of impact implied by aggregate-level studies of the role of institutions …

The current research emphasis on institutions as key determinants of economic performance, rather than on resources and … resource productivity, has uncovered important questions for further research. For example, if institutions are central to … institutions? What specific aspects of institutions are responsible for economic performance? This paper suggests that two broad …