Hogrefe, Jan; Sachs, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected … is linked to unemployment in country specific dynamic models. For Spain, the ADL-model estimation reveals a significant … impact of sectoral reallocation on unemployment that goes beyond usual business cycle patterns. In Italy, there is weaker yet …