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Common smooth transition trend-stationarity in European unemployment

  • Massimo Franchi
  • , Javier Ordóñez

Research output: Contribution to journalArticlepeer-review

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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 languageEnglish
Pages (from-to)106-109
Number of pages4
JournalEconomics Letters
Volume101
Issue number2
Early online date12 Jul 2008
DOIs
Publication statusPublished - 2 Nov 2008

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth

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