The Time-Varying Long-Run Unemployment Rate: The Case Colombian

Luis Eduardo Arango Thomas () and Carlos Esteban Posada ()

BORRADORES DE ECONOMIA from BANCO DE LA REPÚBLICA

Abstract: The long-run component of the Colombian unemployment rate is estimated for the last twenty years. According to the results, the main determinants of the permanent component of the unemployment rate are the real hourly wage, the non-wage labor costs and the rate of capital accumulation. Given the statistical properties of the variables, a cointegration approach was adopted.

Date: 2006-03-30
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.banrep.gov.co/docum/ftp/borra389.pdf

Related works:
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: http://EconPapers.repec.org/RePEc:col:000094:003629

Access Statistics for this paper

More papers in BORRADORES DE ECONOMIA from BANCO DE LA REPÚBLICA
Series data maintained by Norma Judith Paternina ().