Stability of activity-unemployment relationship in a codependent system
A recursive codependence analysis is proposed for investigating the stability of the activity-unemployment relationship. Besides some noticeable statistical advantages, this new method provides a more accurate evaluation of conjunctural employment policies. It appears that for most countries, the delay necessary to absorb a shock is low, indicating that conjunctural stabilization mechanisms and/or employment policies serve their purpose.
Year of publication: |
2000
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Authors: | Candelon, Bertrand ; Hecq, Alain |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 7.2000, 10, p. 687-693
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Publisher: |
Taylor & Francis Journals |
Saved in:
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