Kano, Shigeki; Ohta, Makoto - In: Empirical Economics 29 (2004) 4, pp. 921-937
This paper investigates the long-run relationship among new hiring, unemployment (job seekers), and unfilled vacancies in Japan, using an annual panel data on 47 prefectures for 1972-1999. We find that these three variables are I(1) processes, and are cointegrated in our panel data. Further, we...