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Unemployment rate cycles in Europe

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  • Juan Carlos Cuestas
  • Luis Alberiko Gil-Alana

Abstract

This article analyses the duration of cycles in the unemployment rate series in a group of EU countries. It extends the model by Bierens (2001) and follows Gil-Alana (2001) by allowing for fractional cyclical integration. Once cycles are introduced in the model, we have more evidence of mean reversion than in previous studies.

Suggested Citation

  • Juan Carlos Cuestas & Luis Alberiko Gil-Alana, 2017. "Unemployment rate cycles in Europe," Applied Economics Letters, Taylor & Francis Journals, vol. 24(2), pages 136-139, January.
    • Handle: RePEc:taf:apeclt:v:24:y:2017:i:2:p:136-139
    DOI: 10.1080/13504851.2016.1170926
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    Cited by:

    1. OlaOluwa S. Yaya & Ahamuefula E. Ogbonna & Robert Mudida, 2019. "Hysteresis of unemployment rates in Africa: new findings from Fourier ADF test," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(6), pages 2781-2795, November.

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