Article ID Journal Published Year Pages File Type
965795 Journal of Macroeconomics 2011 14 Pages PDF
Abstract
► Applies concept of multicointegration to model unemployment as an inventory. ► Provides a more natural and logical way to model unemployment as stocks and flows. ► Unemployment levels found to be multicointegrated with inflows and outflows. ► Multicointegration error correction model for unemployment improves forecasting.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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