Unemployment and common smooth transition trends in central and eastern european countries
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Unemployment and common smooth transition trends in central and eastern european countriesFecha de publicación
2011Editor
University of Nottingham. School of EconomicsISSN
1360-2438Cita bibliográfica
Juan Carlos Cuestas & Javier Ordonez, 2011. "Unemployment and common smooth transition trends in Central and Eastern European Countries," Economic Issues Journal Articles, Economic Issues, vol. 16(2), pages 39-52, SeptemberTipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://ideas.repec.org/a/eis/articl/211bcuestas.htmlVersión
info:eu-repo/semantics/publishedVersionResumen
In this paper we analyse whether the apparent comovement of unemployment rates for some of the Central and Eastern EU new members can be explained by a common force, possibly linked to the process of economic integr ... [+]
In this paper we analyse whether the apparent comovement of unemployment rates for some of the Central and Eastern EU new members can be explained by a common force, possibly linked to the process of economic integration. For this purpose we test for nonlinear unit roots as a first step to testing for common nonlinearities. Our results show that for five countries, out of eight, unemployment dynamics appear to be well described as a stationary process around highly persistent structural changes. Furthermore, we find evidence of a common nonlinear component driving the unemployment rates. [-]
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Economic Issues, Vol. 16, Part 2, 2011Derechos de acceso
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info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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