Stability of activity-unemployment relationship in a codependent system

A recursive codependence analysis is proposed for investigating the stability of the activity-unemployment relationship. Besides some noticeable statistical advantages, this new method provides a more accurate evaluation of conjunctural employment policies. It appears that for most countries, the delay necessary to absorb a shock is low, indicating that conjunctural stabilization mechanisms and/or employment policies serve their purpose.

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Year of publication:	2000
Authors:	Candelon, Bertrand ; Hecq, Alain
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 7.2000, 10, p. 687-693
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/10009196049