Have European Unemployment Rates Converged?
Por Ramírez Carrera, Dionisio; Rodríguez, Gabriel
March 2009
Idioma: English
Keywords
- European Union
- stochastic-convergence and beta-convergence
- unemployment rate
Clasificación JEL:
- C22
- C52
- E24
- J60
Resumen:
Using different unit root statistics and the approach of Tomljanovich and Vogelsang (2002), we test for the existence of stochastic and ß - convergence in the unemployment rates of a set of thirteen European countries. Using quarterly data for the period 1984: 1-2005: 4, we observe that there has taken place a convergence process in the majority of European unemployment rates. This process has become more intense since 1993.