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Unemployment rate cycles in Europe

Autores: Cuestas, J. C. ; Gil Alaña, Luis Alberiko (Autor de correspondencia)
Título de la revista: APPLIED ECONOMICS LETTERS
ISSN: 1350-4851
Volumen: 24
Número: 2
Páginas: 136 - 139
Fecha de publicación: 2017
Resumen:
This article analyses the duration of cycles in the unemployment rate series in a group of EU countries. It extends the model by Bierens (2001) and follows Gil-Alana (2001) by allowing for fractional cyclical integration. Once cycles are introduced in the model, we have more evidence of mean reversion than in previous studies.
DOI: https://doi.org/10.1080/13504851.2016.1170926
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