Modelling the Persistence of Unemployment in Canada

The persistence of unemployment in Canada is examined in this article by means of fractionally integrated techniques. Using Sowell's (1992) procedure of estimating ARFIMA models by maximum likelihood along with other techniques, we show that the order of integration of the series is higher than one, implying that unemployment is a highly persistent variable.

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Year of publication:	2002
Authors:	Gil-Alana, Luis
Published in:	International Review of Applied Economics. - Taylor & Francis Journals, ISSN 0269-2171. - Vol. 16.2002, 4, p. 465-477
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005482761