Labour Market Flexibility and Regional Unemployment Rate Dynamics: Spain (1980-1995)



Appendix

Figure A. Explanatory variables in the labour market model

1. Investment (growth rate of capital stock)


2. Real oil prices


12.9-


12.1

1980


3. Real social security benefits per person

12.8 -

12.7-

12.6-

12.5-

12.4-

12.3 -

12.2-

1985

1990


1995


4. Indirect taxes (as a % of GDP)



.016-

.014-

.012 -

.010-

.008-

.006-

.004-


6. Working Age Population Growth


1980         1985         1990         1995


30




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