Unit Root in Unemployment - New Evidence from Nonparametric Tests

Jürgen Holl () and Robert Kunst ()
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Jürgen Holl: https://econ.univie.ac.at

Vienna Economics Papers from University of Vienna, Department of Economics

Abstract: We apply range unit-root tests to OECD unemployment rates and compare the results to conventional tests. By simulations, we find that unemployment is represented adequately by a new nonlinear transformation of a serially-correlated I(1) process.

JEL-codes: C12 C22 (search for similar items in EconPapers)
Date: 2009-10
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https://papersecon.univie.ac.at/RePEc/vie/viennp/vie0915.pdf (application/pdf)

Related works:
Journal Article: Unit root in unemployment - new evidence from nonparametric tests (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:vie:viennp:vie0915

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