Unemployment and common smooth transition trends in Central and Eastern European Countries
Juan Cuestas and
Javier Ordóñez
NBS Discussion Papers in Economics from Economics, Nottingham Business School, Nottingham Trent University
Abstract:
In the present paper we analyse the existence of common nonlinear trends in several of Central and Eastern European Countries in order to gain some insight about the degree of labour market integration within the area. In order to do so, we test for the order of integration of the unemployment rates, by applying the Leybourne et al. (1998) and Kapetanios et al. (2003) nonlinear unit root tests. Our results pinpoint the fact that five up to eight unemployment rates are stationary around a nonlinear trend and, by means of Anderson and Vahid (1998) approach, we also find that there is a common trend that drives the long run behaviour of that variable in these countries.
Keywords: Unemployment; Central and Eastern Europe; unit roots; smooth transition; nonlinearities. (search for similar items in EconPapers)
JEL-codes: C32 E24 (search for similar items in EconPapers)
Date: 2009-07
New Economics Papers: this item is included in nep-eec, nep-lab and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
http://www.ntu.ac.uk/__data/assets/pdf_file/0008/3 ... ansistion-trends.pdf First version, 2009 (application/pdf)
Related works:
Journal Article: Unemployment and common smooth transition trends in Central and Eastern European Countries (2011) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:nbs:wpaper:2009/5
Access Statistics for this paper
More papers in NBS Discussion Papers in Economics from Economics, Nottingham Business School, Nottingham Trent University
Bibliographic data for series maintained by King Lim ( this e-mail address is bad, please contact ).