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» Resultado: 3 registros
| Registro 1 de 3 | |
| Autor: | Ayala, Astrid - Cuñado, Juncal - Gil-Alana, Luis Albériko - |
| Título: | Unemployment hysteresis: empirical evidence for Latin America |
| Fuente: | Journal of Applied Economics. v.15, n.2. Universidad del CEMA |
| Páginas: | pp. 213-233 |
| Año: | Nov. 2012 |
| Resumen: | This paper analyzes the unemployment dynamics of 18 Latin American countries for the last four decades. We use a time series approach to test the mean reversion of unemployment rates and its approximation to a Natural Rate of Unemployment (NRU). The tests include the possibility of one and two structural changes to account for the occurrence of significant macroeconomic changes experienced by the Latin American economies. In addition, we estimate the order of integration of the series, allowing for fractional degrees of differentiation, to assess the persistence of unemployment in the region. Our results indicate that when endogenous structural changes are included in the model, in general we find evidence of mean reversion of unemployment rates for the Latin American countries under study. Therefore, our findings support the structuralist hypothesis of unemployment. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 2 de 3 | |
| Autor: | Cunado, Juncal - |
| Título: | Structural breaks and real convergence in OPEC countries |
| Fuente: | Journal of Applied Economics. v.14, n.1. Universidad del CEMA |
| Páginas: | pp. 101-117 |
| Año: | May 2011 |
| Resumen: | This article examines the real convergence hypothesis in OPEC countries (Algeria, Angola, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela) using time series techniques and allowing for structural breaks. The main results show lack of support for income convergence in OPEC countries. We only find evidence of catch-up with the U.S. economy for the case of Indonesia, and for Angola in the last years of the sample. These findings are in line with the "resource curse" literature, which suggests that natural resource dependence inhibits economic growth. Furthermore, the results suggest that the country’s oil export dependence is negatively related with its per capita GDP growth rate. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 3 de 3 | |
| Autor: | Cunado, Juncal - Gil-Alana, Luis Alberiko - Pérez de Gracia, Fernando |
| Título: | New evidence on long-run monetary neutrality |
| Fuente: | Journal of Applied Economics. v.12, n.22. Universidad del CEMA |
| Páginas: | pp. 229-248 |
| Año: | Nov. 2009 |
| Resumen: | This paper re-examines the issue of long-run monetary neutrality by using fractional integration and allowing for a possible structural break in six countries: the United States, the United Kingdom, Mexico, Brazil, Australia and Argentina. We use an extension of Fisher and Seater’s (1993) reduced-form test recently proposed by Bae, Jensen and Murdock (2005). The results show that long-run monetary neutrality holds for five countries when no structural breaks. |
| Palabras clave: | POLITICA MONETARIA | ANALISIS ECONOMETRICO | |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
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