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
Original language | English |
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Pages (from-to) | 106-109 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 101 |
Issue number | 2 |
Early online date | 12 Jul 2008 |
DOIs | |
Publication status | Published - 2 Nov 2008 |