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Stilianos Alexiadis and Konstantinos Eleftheriou
''A note on the morphology of regional unemployment in Greece''
( 2010, Vol. 30 No.4 )
A variation of an Error-Correction-Model is applied across the regions of Greece to examine the behaviour of regional unemployment. Allowing for multiple equilibria, this variation is able to pinpoint regional groupings with similar tendencies in the evolution of unemployment. The results have important implications for the direction of regional policies in Greece.
Keywords: Error-correction-model, Greece, regional unemployment, time-series
JEL: R1 - General Regional Economics (includes Regional Data)
Manuscript Received : Aug 09 2010 Manuscript Accepted : Oct 26 2010

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