Economics at your fingertips  

A suggestion for a simple cross-country empirical proxy for trend unemployment

Stephen Murchison and Pierre Siklos ()

Applied Economics Letters, 1999, vol. 6, issue 7, 447-451

Abstract: We propose a proxy for trend unemployment derived from the cointegration property between unemployment rates and world oil prices. Evidence from a sample of OECD countries is presented in support of the hypothesis. We argue that our empirical proxy is superior from an economic perspective to at least one popular empirical alternative and may be especially useful in cross-country type studies.

Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

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:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

Page updated 2019-07-29
Handle: RePEc:taf:apeclt:v:6:y:1999:i:7:p:447-451