Economics at your fingertips  

Unemployment convergence analysis for Nordic countries: Evidence from linear and nonlinear unit root tests

Burak Güriş (), İpek M. Yurttagüler and Muhammed Tiraşoğlu
Additional contact information
İpek M. Yurttagüler: Istanbul University, Istanbul, Turkey
Muhammed Tiraşoğlu: Istanbul University, Istanbul, Turkey

Theoretical and Applied Economics, 2017, vol. XXIV, issue 1(610), Spring, 45-56

Abstract: The purpose of this study is to analyze the unemployment convergence in the NORDIC countries. The linearity test developed by Harvey et al. (2008) was used, the Sollis (2009) nonlinear unit root test was used for the countries the nonlinearity of which have been identified and the Narayan and Popp (2010) test was used for the series the linearity of which have been identified. As a result of the analysis, it was found out that the unemployment rates in Finland, Norway and Sweden converged to the NORDIC mean whereas the unemployment rates in Denmark and Iceland did not converge to the NORDIC mean. Based on this result, it could be said for Denmark and Iceland that the shocks to unemployment rate differentials are persistent.

Keywords: Convergence; Nonlinear Unit Root Test; Linear Unit Root Test; Linearity; Unemployment Rate. (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

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:

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Marin Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania - AGER Contact information at EDIRC.
Bibliographic data for series maintained by Marin Dinu ().

Page updated 2021-05-09
Handle: RePEc:agr:journl:v:xxiv:y:2017:i:1(610):p:45-56