Análisis dinámico del impacto de los shocks en el precio del petróleo sobre el empleo por sectores productivos
ISSN: 0422-2784
Argitalpen urtea: 2012
Zenbakien izenburua: Energía y seguridad energética
Zenbakia: 384
Orrialdeak: 85-98
Mota: Artikulua
Beste argitalpen batzuk: Economía industrial
Laburpena
This paper uses the Markov Regime Switching methodology to analyze the impact of oil on the Spanish labor market, both at the aggregate level and for disaggregated data of economic sectors and regions. The paper evidences two different causality regimes from the observed variations in the real price of oil towards the observed variations in employment. One of such regimes can be associated to the expansionary phase of the business cycle and the other, to the recessive one. In the latter case, the impact of oil on employment is stronger.
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