Is there a nonlinear co-movement in the EU countries' unemployment?

Reference:

Camarero, M. and Ordóñez, J., 2006. Is there a nonlinear co-movement in the EU countries' unemployment? Economics Letters, 93 (2), pp. 157-162.

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Official URL:

http://dx.doi.org/10.1016/j.econlet.2006.04.002

Abstract

This paper analyzes the hypothesis of hysteresis and co-movement among European unemployment rates using unit root and co-trending tests that allow for nonlinearities. The results are favorable to stationarity and common patterns in European unemployment.

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