Common smooth transition trend-stationarity in European unemployment
Reference:
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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Official URL:
http://dx.doi.org/10.1016/j.econlet.2008.06.018
Abstract
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
Details
| Item Type | Articles |
| Creators | Franchi, M.and Ordóñez, J. |
| DOI | 10.1016/j.econlet.2008.06.018 |
| Departments | Faculty of Humanities & Social Sciences > Economics |
| Refereed | Yes |
| Status | Published |
| ID Code | 26194 |
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