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Pregled bibliografske jedinice broj: 960169

Persistence and stochastic convergence of euro area unemployment rates: evidence from LM and RALS-LM unit root tests with breaks


Raguž Krištić, Irena; Rogić Dumančić, Lucija; Arčabić, Vladimir
Persistence and stochastic convergence of euro area unemployment rates: evidence from LM and RALS-LM unit root tests with breaks, 2017. (ostalo).


CROSBI ID: 960169 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
Persistence and stochastic convergence of euro area unemployment rates: evidence from LM and RALS-LM unit root tests with breaks

Autori
Raguž Krištić, Irena ; Rogić Dumančić, Lucija ; Arčabić, Vladimir

Izvornik
EFZG Working Paper Series/EFZG Serija članaka u nastajanju

Vrsta, podvrsta
Ostale vrste radova, ostalo

Godina
2017

Ključne riječi
Unemployment, Euro area, Hysteresis, Stochastic convergence, Unit root, Structural breaks

Sažetak
The goal of this paper is to determine if the euro area (EUA) accession and membership had a significant impact on the unemployment rates of the EUA countries. The hypothesis of the paper is that there is unemployment hysteresis and EUA accession thus contributed to the economic integration and convergence of the unemployment rates in the EUA. The paper employs LM and RALS-LM unit root tests with two breaks to analyze the persistence, test the stochastic convergence and locate structural break(s) in the seasonally adjusted quarterly unemployment rates, covering the period from 1995q1 to 2016q2. The most interesting results are that: (i) there are EUA-related down breaks in unemployment rates with hysteresis, (ii) EUA- related breaks are followed by the periods of convergence to the EUA11 average, (iii) crisis- related breaks are followed by the periods of divergence and (iv) the EUA membership is not a sufficient condition for stochastic convergence.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
HRZZ-IP-2013-11-7031 - Održivost ekonomske politike i razvoja u Hrvatskoj (SCrEPoDe) (Šimurina, Jurica, HRZZ - 2013-11) ( CroRIS)
HRZZ-IP-2014-09-5476 - Uloga strukturnih reformi u poticanju vanjske konkurentnosti zemalja Europske unije (ROSPEC) (Cota, Boris, HRZZ - 2014-09) ( CroRIS)

Ustanove:
Ekonomski fakultet, Zagreb

Poveznice na cjeloviti tekst rada:

Pristup cjelovitom tekstu rada ideas.repec.org

Citiraj ovu publikaciju:

Raguž Krištić, Irena; Rogić Dumančić, Lucija; Arčabić, Vladimir
Persistence and stochastic convergence of euro area unemployment rates: evidence from LM and RALS-LM unit root tests with breaks, 2017. (ostalo).
Raguž Krištić, I., Rogić Dumančić, L. & Arčabić, V. (2017) Persistence and stochastic convergence of euro area unemployment rates: evidence from LM and RALS-LM unit root tests with breaks. EFZG Working Paper Series/EFZG Serija članaka u nastajanju. Ostalo.
@unknown{unknown, author = {Ragu\v{z} Kri\v{s}ti\'{c}, Irena and Rogi\'{c} Duman\v{c}i\'{c}, Lucija and Ar\v{c}abi\'{c}, Vladimir}, year = {2017}, keywords = {Unemployment, Euro area, Hysteresis, Stochastic convergence, Unit root, Structural breaks}, title = {Persistence and stochastic convergence of euro area unemployment rates: evidence from LM and RALS-LM unit root tests with breaks}, keyword = {Unemployment, Euro area, Hysteresis, Stochastic convergence, Unit root, Structural breaks} }
@unknown{unknown, author = {Ragu\v{z} Kri\v{s}ti\'{c}, Irena and Rogi\'{c} Duman\v{c}i\'{c}, Lucija and Ar\v{c}abi\'{c}, Vladimir}, year = {2017}, keywords = {Unemployment, Euro area, Hysteresis, Stochastic convergence, Unit root, Structural breaks}, title = {Persistence and stochastic convergence of euro area unemployment rates: evidence from LM and RALS-LM unit root tests with breaks}, keyword = {Unemployment, Euro area, Hysteresis, Stochastic convergence, Unit root, Structural breaks} }




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