Virén, Matti - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2000
-correction model of unemployment. The model is estimated using a threshold model estimator. Evidence from 20 OECD countries for 1960 … on unemployment when unemployment is low and output is high, and vice versa. Thus, in bad times, the effect of output … growth on unemployment can be close to zero. In addition to this nonlinear output effect, also the population growth effect …