Unit root in unemployment - new evidence from nonparametric tests

被引：6
|
作者：
Holl, Juergen [1 ]
Kunst, Robert M. [2 ,3 ]
机构：
[1] Univ Vienna, Dept Econ, A-1010 Vienna, Austria
[2] Univ Vienna, Dept Econ, A-1210 Vienna, Austria
[3] Inst Adv Studies, A-1060 Vienna, Austria
来源：
APPLIED ECONOMICS LETTERS | 2011年 / 18卷 / 06期
关键词：
D O I：
10.1080/13504851003725934
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We apply Range Unit Root (RUR) tests to Organization for Economic Co-operation and Development (OECD) unemployment rates and compare the results to conventional tests. By simulations, we find that unemployment is represented adequately by a new nonlinear transformation of a serially correlated I(1) process.
引用
收藏
页码：509 / 512
页数：4
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