Pascalau, Razvan - Volkswirtschaftliche Fakultät, … - 2007
generally find that the unemployment rate, productivity, and real wages have a unit root even if one controls for threshold … the variables of interest. For roughly half of the OECD countries in the sample, the unemployment rate, real wages, and … productivity trend together over time. For four countries (i.e, Germany, Japan, Sweden, and the US) the adjustment to the long run …