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Unemployment Persistence in Europe : Evidence from the 27 EU Countries

Caporale, Guglielmo Maria; Gil-Alana, Luis A.; Trejo, … - 2021

This paper investigates unemployment persistence in the 27 EU member states by applying fractional integration methods …

Persistent link: https://www.econbiz.de/10013322015

Testing Unemployment Theories: A Multivariate Long Memory Approach

Caporale, Guglielmo Maria; Gil-Alana, Luis A.; Lovcha, … - 2014

This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the … UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate …. Specifically, when taking a univariate approach, the unit root null cannot be rejected in case of the UK and Japanese unemployment …

Persistent link: https://www.econbiz.de/10010328827

Employment growth, inflation and output growth: Was Phillips right? Evidence from a dynamic panel

Caporale, Guglielmo Maria; Škare, Marinko - 2011

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119...

Persistent link: https://www.econbiz.de/10010277380

Persistence and cycles in US hours worked

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2012

This paper analyses monthly hours worked in the US over the sample period 1939m1 - 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is...

Persistent link: https://www.econbiz.de/10010281793

Unemployment Persistence in Europe: Evidence from the 27 EU Countries

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Trejo, … - 2021

This paper investigates unemployment persistence in the 27 EU member states by applying fractional integration methods …

Persistent link: https://www.econbiz.de/10012799692