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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

Abstract: 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
Date: 2002-05
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Related works:
Journal Article: On the dynamics of unemployment in a developing economy: Colombia (2003) Downloads
Working Paper: ON THE DYNAMICS OF UNEMPLOYMENT IN A DEVELOPING ECONOMY: COLOMBIA (2002) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:208

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