Unit Root in Unemployment - New Evidence from Nonparametric Tests

We apply range unit-root tests to OECD unemployment rates and compare the results to conventional tests. By simulations, we nd that unemployment is represented adequately by a new nonlinear transformation of a serially-correlated I(1) process.

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Year of publication:	2009-10
Authors:	Holl, Jürgen ; Kunst, Robert M.
Institutions:	University of Vienna, Department of Economics

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Extent:	application/pdf
Series:	Vienna Economics Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	C12 - Hypothesis Testing ; C22 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008491604