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
相关论文
共 50 条
  • [41] Problems of restructuring the central banks in Central and Eastern European countries
    Bauer, E
    [J]. SYSTEM TRANSFORMATION IN CENTRAL AND EASTERN EUROPE AND ITS CONSEQUENCES FOR BANKS, STOCK MARKETS AND CREDIT WORTHINESS, 1998, 64 : 135 - 146
  • [42] Revisit Hysteresis Unemployment in Eastern European Countries using Quantile Regression
    Xie, Hong
    Chang, Tsangyao
    Grigorescu, Adriana
    Hung, Ken
    [J]. EKONOMICKY CASOPIS, 2018, 66 (05): : 522 - 537
  • [43] Analysis of the Behavior of Central Banks in Setting Interest Rates. The Case of Central and Eastern European Countries
    Popescu, Iulian Vasile
    [J]. EMERGING MARKETS QUERIES IN FINANCE AND BUSINESS (EMQ 2013), 2014, 15 : 1113 - 1121
  • [44] Areal Convergence in Eastern Central European Languages and Beyond
    Bleakly, Evan W.
    [J]. ZEITSCHRIFT FUR SLAWISTIK, 2023, 68 (02): : 359 - 364
  • [45] Is There Convergence across European Countries? Simple Cluster Analysis Approach
    Burian, Stanislav
    Frydrych, Jakub
    [J]. EKONOMICKY CASOPIS, 2017, 65 (05): : 393 - 407
  • [46] Local unemployment dynamics in central and eastern Europe:: A comparison of three countries
    Huber, P
    Wörgötter, A
    [J]. REGIONAL UNEMPLOYMENT, JOB MATCHING, AND MIGRATION, 1999, 9 : 35 - 48
  • [47] Convergence and Transition of the Eastern Partnership Countries towards the European Union
    Siljak, Dzenita
    Nagy, Sandor Gyula
    [J]. ENTREPRENEURIAL BUSINESS AND ECONOMICS REVIEW, 2019, 7 (03) : 221 - 235
  • [48] IS THERE "TOO MUCH FINANCE" IN CENTRAL AND EASTERN EUROPEAN COUNTRIES?
    Grabowski, Wojciech
    Maciejczyk-Bujnowicz, Iwona
    [J]. ARGUMENTA OECONOMICA, 2020, 45 (02): : 5 - 30
  • [49] Nonlinear Taylor rules in Central Eastern European countries
    Su, Chi Wei
    Chang, Hsu-Ling
    Zhang, Chengsi
    [J]. JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT, 2016, 25 (03): : 357 - 376
  • [50] Economic transformation of transport in Central and Eastern European countries
    Bak, M
    [J]. WORLD TRANSPORT RESEARCH, VOLS 1 TO 4: VOL 1: TRANSPORT MODES AND SYSTEMS; VOL 2: PLANNING, OPERATION, MANAGEMENT AND CONTROL; VOL 3: TRANSPORT MODELLING/ASSESSMENT; VOL 4: TRANSPORT POLICY, 1999, : C555 - C568
12345