HAVE EUROPEAN UNEMPLOYMENT RATES CONVERGED?

Authors

  • Dionisio Ramirez Carrera
  • Gabriel Rodriguez

DOI:

https://doi.org/10.58246/sjeconomics.v10i.454

Keywords:

Unemployment Rate, European Union, Time Series, Integrated and Stationary Processes, Stochastic Convergence and β-convergence

Abstract

Based on an approach of time series, in the present work we analyzed the behaviour of the unemployment rate for a sample of thirteen European countries during the period 1984Q1 to 2005Q1. Starting from stochastic and β-convergence concepts of Carlino and Mills (1993) and using the methodology of Tomljanovich and Vogelsang (2002) it has been observed that there has taken place a convergence process in the majority of European unemployment rates. This process has become more intense since 1993.

Published

2012-12-30

Issue

Vol. 10 (2012)

Section

Article

License

Copyright (c) 2022 Dionisio Ramirez Carrera, Gabriel Rodriguez

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