Unemployment rate cycles in Europe
Juan Cuestas and
Luis Gil-Alana
Applied Economics Letters, 2017, vol. 24, issue 2, 136-139
Abstract:
This article analyses the duration of cycles in the unemployment rate series in a group of EU countries. It extends the model by Bierens (2001) and follows Gil-Alana (2001) by allowing for fractional cyclical integration. Once cycles are introduced in the model, we have more evidence of mean reversion than in previous studies.
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:24:y:2017:i:2:p:136-139
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DOI: 10.1080/13504851.2016.1170926
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