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This article is concerned with the dynamic behaviour of UK unemployment. However, instead of using traditional … suggest that the UK unemployment may be explained in terms of lagged values of the real oil prices and the real interest rate …, with the order of integration of unemployment ranging between 0.50 and 1. Thus, unemployment shows the characteristics of …
Persistent link: https://www.econbiz.de/10009582384
panel of outflows, unemployment and vacancy stocks data from the registers at Jobcentres in the UK; these are mapped on to … theory. For example, we find that conditional on local labour market conditions, high unemployment levels in neighbouring … areas raise the number of local filled vacancies but lower the local outflow from unemployment. -- matching model …
Persistent link: https://www.econbiz.de/10009576211
This paper estimates the probability distribution of relative county unemployment in Britain for the years 1981 … unemployment transition is defined as a move between a tail and the centre of the distribution (and vice versa). We calculate …) unemployment regions have a higher probability of entering a state of lower (higher) unemployment than a state of higher (lower …
Persistent link: https://www.econbiz.de/10009660376
proposed in this article for modelling the U.K. unemployment. This enables us a better understanding of the low … fractional integration, may be a feasible way of modelling unemployment, also showing that its order of integration is much … erroneous results. -- long memory ; unemployment ; fractional integration …
Persistent link: https://www.econbiz.de/10009611544