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Is there chaos in the Spanish labour market?

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  • Olmedo, Elena

Abstract

One could argue that there is a resurgence of the non-linear modelling in economics. Some instruments have been developed to measure the complexity or instability of the analysed systems. At the present work some of these developed techniques are applied to verify the non-linearity present in the time series of Spanish unemployment, as well as to quantify the degree of complexity of the system that has generated the series. Using these techniques we find evidence of chaos in Spanish unemployment time series.

Suggested Citation

  • Olmedo, Elena, 2011. "Is there chaos in the Spanish labour market?," Chaos, Solitons & Fractals, Elsevier, vol. 44(12), pages 1045-1053.
    • Handle: RePEc:eee:chsofr:v:44:y:2011:i:12:p:1045-1053
    DOI: 10.1016/j.chaos.2011.08.001
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