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 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 …

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 …

adaptation.A major theme of the paper is the role of economic institutions in growth and in the penultimate section, the links …

In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …

labour market institutions. Our aim is to explain the main sources of shocks to unemployment, and the most relevant features …In this paper we analyse the underlying causes behind Spanish unemployment which is now at 24%. We interpret this …