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 offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled …

This paper examines the degree of persistence of regional relative unemployment. A theoretical model is built to … such persistence. The model is used to account for the observed degree of persistence of regional relative unemployment in …

. According to our preferred interpretation, these events provide evidence that, under weak institutions, popular mobilization and …

enabled these groups to demand, obtain and sustain changes in institutions to protect their property rights. Furthermore, the … existing institutions placed some checks on the monarchy and particularly limited its control of overseas trading activities … the result of capitalist development driven by the interaction of late medieval institutions and the economic …

policies were chosen in Botswana because good institutions, which we refer to as institutions of private property, were in … place. Why did institutions of private property arise in Botswana, but not other African nations? We conjecture that the … following factors were important. First, Botswana possessed relatively inclusive pre-colonial institutions, placing constraints …

notably, that evolved institutions are inherently superior to those 'designed'; that institutions must be 'appropriate' and … cannot be 'transplanted'; and that the civil code and other French institutions have adverse economic effects. …