Scandinavian Working Papers in Economics
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CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology KTH/CESIS Working Paper Series in Economics and Institutions of Innovation

No 355:
Unemployment in European Regions: Structural Problems vs. the Eurozone Hypothesis

Åke E. Andersson (), David Emanuel Andersson (), Björn Hårsman () and Zara Daghbashyan ()

Abstract: Unemployment rates differ dramatically across European regions. This paper analyses these differences by integrating institutional and spatial perspectives into a unified theoretical framework. An econometric model is then used to analyse differences among European NUTS2 regions. The results of random-effects models indicate that there are four key factors that explain regional unemployment rates. Flexible labour market regulations and above-average levels of interpersonal trust are institutional factors that reduce unemployment. Accessibility factors such as inter-regional transport connectivity and local access to skilled workers have similarly substantial effects. Whether a region belongs to the Eurozone or not seems to be less important.

Keywords: unemployment; Euro; institutions; accessibility; (follow links to similar papers)

JEL-Codes: R10; R15; R23; R28; (follow links to similar papers)

37 pages, March 26, 2014

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This paper is published as:
Andersson, Åke E., David Emanuel Andersson, Björn Hårsman and Zara Daghbashyan, (2015), 'Unemployment in European Regions: Structural Problems vs. the Eurozone Hypothesis', Journal of Economic Geography, January

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