Common smooth transition trend-stationarity in European unemployment

Massimo Franchi and Javier Ordóñez

Economics Letters, 2008, vol. 101, issue 2, 106-109

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.

Keywords: Unemployment; European; Union; Unit; root; STAR; model (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:2:p:106-109

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