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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
CreatorsFranchi, M.and Ordóñez, J.
DOI10.1016/j.econlet.2008.06.018
DepartmentsFaculty of Humanities & Social Sciences > Economics
RefereedYes
StatusPublished
ID Code26194

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