TESTING FOR NONLINEARITY IN UNEMPLOYMENT RATES VIA DELAY VECTOR VARIANCE

Petre Caraiani ()
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Petre Caraiani: Institute for Economic Forecasting, Romanian Academy, Calea 13 Septembrie no. 13, Bucharest

Journal for Economic Forecasting, 2015, issue 1, 81-92

Abstract: We discuss the application of a new test for nonlinearity for economic time series. We apply the test for several monthly unemployment series from the developed economies. We find nonlinearities in the unemployment for most of the European economies, but not for US, UK or Japan.

Keywords: nonlinearity; surrogate data; rank test; time reversal; unemployment (search for similar items in EconPapers)
JEL-codes: C22 C50 E24 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2015:i:1:p:81-92

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