Article ID Journal Published Year Pages File Type
5061626 Economics Letters 2008 4 Pages PDF
Abstract

This paper analyzes the hypothesis of hysteresis in Europe. The results are favorable to smooth transition trend-stationarity in European unemployment rates around highly persistent structural changes. In addition, we find evidence of a common force that generates this nonlinear behavior.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Common smooth transition trend-stationarity in European unemployment
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