Lee, Cheng-Feng; Hu, Te-Chung; Li, Ping-Cheng; Tsong, … - In: Japan and the World Economy 28 (2013) C, pp. 72-84
Mixed results for unemployment dynamics are reported in many studies using linear or non-linear unit root tests. A possible explanation is that the literature focuses on the average behavior of unemployment and assumes that the speed of adjustment towards its long-run equilibrium is constant,...