TY - JOUR
T1 - Common smooth transition trend-stationarity in European unemployment
AU - Franchi, Massimo
AU - Ordóñez, Javier
PY - 2008/11/2
Y1 - 2008/11/2
N2 - 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
AB - 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
UR - http://www.scopus.com/inward/record.url?scp=51749107731&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1016/j.econlet.2008.06.018
U2 - 10.1016/j.econlet.2008.06.018
DO - 10.1016/j.econlet.2008.06.018
M3 - Article
VL - 101
SP - 106
EP - 109
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 2
ER -
