کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5055222 1371487 2010 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Dynamics of regional unemployment rates in Brazil: Fractional behavior, structural breaks, and Markov switching
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Dynamics of regional unemployment rates in Brazil: Fractional behavior, structural breaks, and Markov switching
چکیده انگلیسی

This paper investigates unemployment dynamics in Brazil and in its major metropolitan regions using a fractional integration model. Aspects regarding structural breaks and regime switches are discussed as well. To do that, the methods proposed by Hassler and Meller (2009) and Tsay and Härdle (2009) are used. The major results indicate that unemployment rates have two different levels of persistence. The first one is nonstationary whereas the second one is nonstationary but mean-reverting. Based on these findings, the convergence hypothesis of regional unemployment rates was tested. Following the fractional stochastic convergence criterion put forward by Mello and Guimaraes-Filho (2007), it was concluded that regional unemployment rates are convergent.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 27, Issue 5, September 2010, Pages 900-908
نویسندگان
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