Unemployment Convergence in Central and Eastern European Countries: Driving Forces and Cluster Behavior
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http://dx.doi.org/10.1080/1540496X.2015.1011537 |
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Títol
Unemployment Convergence in Central and Eastern European Countries: Driving Forces and Cluster BehaviorData de publicació
2015Editor
Taylor & FrancisISSN
1540-496X; 1558-0938Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
http://www.tandfonline.com/doi/pdf/10.1080/1540496X.2015.1011537Paraules clau / Matèries
Resum
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. [-]
Publicat a
Emerging Markets Finance & Trade, 2015, vol. 51, núm. 1Drets d'accés
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