Unemployment Convergence in Central and Eastern European Countries: Driving Forces and Cluster Behavior

被引：8
|
作者：
Cuestas, Juan Carlos [1 ]
Monfort, Mercedes [2 ]
Ordonez, Javier [2 ,3 ]
机构：
[1] Univ Sheffield, Dept Econ, Sheffield, S Yorkshire, England
[2] Jaume I Univ, Dept Econ, Castellon de La Plana 12071, Spain
[3] UPAEP, Puebla, Mexico
来源：
EMERGING MARKETS FINANCE AND TRADE | 2015年 / 51卷 / 01期
关键词：
business cycle; economic integration; nonlinearities; transition economies; unemployment; BUSINESS CYCLES; EQUILIBRIA; MODELS; EMU; ASYMMETRIES; ECONOMIES;
D O I：
10.1080/1540496X.2015.1011537
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Employing a nonlinear logistic smooth transition autoregression system and comovement analysis, we find that the German business cycle has acted as a common driver affecting the cyclical behavior of unemployment rates in Central and Eastern European countries. In addition, we identify two convergence clubs in unemployment dynamics. The first comprises the Baltic States, Hungary, and Poland, and the second group of countries is composed of the Czech Republic and Slovakia. Interestingly, this classification matches the labor market policies and institutional divergences observed among these countries.
引用
收藏
页码：259 / 273
页数：15
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