On the Dynamics of Unemployment in a Developing Economy: Colombia
Ana Iregui () and
Jesus Otero ()
Borradores de Economia from Banco de la Republica de Colombia
This paper estimates an asymmetric error correction model to analyse the dynamic behaviour of the Colombian unemployment rate. We find evidence that wages above their long- run equilibrium level do increase unemployment, but wages below this level do not reduce it.
Keywords: Unemployment; wage disequilibrium; labour market; cointegration; non-linearties; Colombia. (search for similar items in EconPapers)
JEL-codes: C32 J31 J64 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-dev and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
http://repositorio.banrep.gov.co/bitstream/handle/ ... quence=1&isAllowed=y (application/pdf)
Journal Article: On the dynamics of unemployment in a developing economy: Colombia (2003)
Working Paper: ON THE DYNAMICS OF UNEMPLOYMENT IN A DEVELOPING ECONOMY: COLOMBIA (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:208
Access Statistics for this paper
More papers in Borradores de Economia from Banco de la Republica de Colombia Cra 7 # 14-78. Contact information at EDIRC.
Bibliographic data for series maintained by Clorith Angélica Bahos Olivera ().