TESTING FOR NONLINEARITY IN UNEMPLOYMENT RATES VIA DELAY VECTOR VARIANCE

We discuss the application of a new test for nonlinearity for economic time series. We apply the test for several monthly unemployment series from the developed economies. We find nonlinearities in the unemployment for most of the European economies, but not for US, UK or Japan.

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Year of publication:	2015
Authors:	CARAIANI, Petre
Published in:	Journal for Economic Forecasting. - Institutul de Prognoza Economica. - 2015, 1, p. 81-92
Publisher:	Institutul de Prognoza Economica
Subject:	nonlinearity \| surrogate data \| rank test \| time reversal \| unemployment

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Type of publication:	Article
Classification:	C22 - Time-Series Models ; C50 - Econometric Modeling. General ; E24 - Employment; Unemployment; Wages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011265556