Youth Unemployment in Europe: Persistence and Macroeconomic Determinants

Guglielmo Maria Caporale and Luis Gil-Alana

Comparative Economic Studies, 2014, vol. 56, issue 4, 591 pages

Abstract: This paper investigates the statistical features and the macroeconomic determinants of youth unemployment in a number of European countries. First, it explores its short and long memory properties by estimating both autoregressive and fractional integration. This analysis sheds light on the degree of persistence of the series, and on whether policy actions are required for highly persistent series. Second, it investigates the main determinants of youth unemployment in Europe by estimating fractional cointegration models. The evidence suggests that this series is highly persistent in all the countries examined, and that in some of them there is a significant long-run equilibrium relationship linking it to macroeconomic variables such as GDP and inflation.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (22)

Downloads: (external link)
http://www.palgrave-journals.com/ces/journal/v56/n4/pdf/ces201429a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/ces/journal/v56/n4/full/ces201429a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Youth Unemployment in Europe: Persistence and Macroeconomic Determinants (2014)
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:pal:compes:v:56:y:2014:i:4:p:581-591

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41294/PS2

Access Statistics for this article

Comparative Economic Studies is currently edited by Nauro Campos

More articles in Comparative Economic Studies from Palgrave Macmillan, Association for Comparative Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().