Unemployment Convergence in Central and Eastern European Countries: Driving Forces and Cluster Behavior
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Other documents of the author: Cuestas, Juan Carlos; Monfort Bellido, Mercedes; Ordóñez, Javier
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comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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http://dx.doi.org/10.1080/1540496X.2015.1011537 |
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Title
Unemployment Convergence in Central and Eastern European Countries: Driving Forces and Cluster BehaviorDate
2015Publisher
Taylor & FrancisISSN
1540-496X; 1558-0938Type
info:eu-repo/semantics/articlePublisher version
http://www.tandfonline.com/doi/pdf/10.1080/1540496X.2015.1011537Subject
Abstract
Employing a nonlinear logistic smooth transition autoregression system and comovement analysis, we find that the German business cycle has acted as a common driver affecting the cyclical behavior of unemployment rates ... [+]
Employing a nonlinear logistic smooth transition autoregression system and comovement analysis, we find that the German business cycle has acted as a common driver affecting the cyclical behavior of unemployment rates in Central and Eastern European countries. In addition, we identify two convergence clubs in unemployment dynamics. The first comprises the Baltic States, Hungary, and Poland, and the second group of countries is composed of the Czech Republic and Slovakia. Interestingly, this classification matches the labor market policies and institutional divergences observed among these countries. [-]
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Emerging Markets Finance & Trade, 2015, vol. 51, núm. 1Rights
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- IEI_Articles [116]
- ECO_Articles [697]