Common smooth transition trend-stationarity in European unemployment
Franchi, M. and Ordóñez, J., 2008. Common smooth transition trend-stationarity in European unemployment. Economics Letters, 101 (2), pp. 106-109.
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This paper analyzes the hypothesis of hysteresis in Europe. The results are favorable to smooth transition trend-stationarity in European unemployment rates around highly persistent structural changes. In addition, we find evidence of a common force that generates this nonlinear behavior
|Creators||Franchi, M.and Ordóñez, J.|
|Departments||Faculty of Humanities & Social Sciences > Economics|
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