Unemployment and real oil prices in Australia: a fractionally cointegrated approach

Luis Gil-Alana

Applied Economics Letters, 2003, vol. 10, issue 4, 201-204

Abstract: The article examines the relationship between unemployment and real oil prices in Australia using fractionally cointegrated techniques. Using a two-step procedure based on the univariate tests of Robinson, the results show that both variables are fractionally cointegrated, with the long-run equilibrium errors being nonstationary but mean reverting.

Date: 2003
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DOI: 10.1080/1350485022000041087

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