Histerese versus Taxa Natural do Desemprego no Brasil e regiões metropolitanas- novas evidências de quebras estruturais e raiz unitária
This paper investigates if the dynamic behavior of unemployment rates from Brazil and six metropolitan areas is more consistent with the natural rate hypothesis or the hypothesis of hysteresis. Initially, we use the procedures proposed by Perron and Yabu (2009) Kejriwal and Perron (2010) to verify the existence and number of structural breaks in the trend of the series analyzed. Then the stationarity of the unemployment rate is verified through the unit root tests presented by Carrion-i-Silvestre et al. (2009). In general, the results indicate the existence of multiple breaks in level and trend of unemployment rates in Brazil and regions. For the period 1980-6-2002-12, tests reject the unit root hypothesis only to unemployment rates in Brazil and Rio de Janeiro. In turn, the period 2003-1-2013-3, the results are favorable to the natural rate hypothesis in Porto Alegre, Rio de Janeiro and Salvador, and the hypothesis of hysteresis in Belo Horizonte, Recife and São Paulo. Finally, the results of unit root tests point to the stochastic convergence of relative unemployment rates.
Year of publication: |
2013
|
---|---|
Authors: | Aragon, Edilean Kleber da Silva Bejarano ; Souza, Wallace Patrick Santos de Farias ; Santana, Fernanda Leite |
Institutions: | Departamento de Economia, Centro de Ciências Socais Aplicadas |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Pobreza antropométrica e os determinantes do status nutricional das crianças no Brasil
Aragon, Edilean Kleber da Silva Bejarano, (2012)
-
Igualdade de Oportunidades- Analisando o papel das circunstâncias no desempenho do ENEM
Figueiredo, Erik Alencar de, (2013)
-
Figueiredo, Erik Alencar de, (2013)
- More ...