Zusammenfassung Diese Anmerkung zeigt, dass das reale Bruttoinlandsprodukt der Bundesrepublik Deutschland einem trendstationären Prozess folgt. Dabei werden sowohl ökonometrische Tests, bei denen die Trendstationarität die Alternativhypothese ist, eingesetzt als auch solche, bei denen sie die...

Although experiencing trade cycles, Australia is almost unique in maintaining 20 years of positive economic growth and has survived the global financial crisis relatively unscathed. The economic boom concentrated attention on skill shortages in Australia and their role in preventing the economy...

This note shows that German real GDP follows a trendstationary process. Both tests which have trendstationarity as the alternative hypothesis as well as tests that have it under the null hypothesis prefer the trendstationary model. Explicit consideration of breaks in the trend is not necessary...

Structural vector-autoregressions with long-run restrictions are extraordinarily sensitive to low-frequency correlations. This paper explores this sensitivity analytically and via simulations, focusing on the contentious issue of whether hours worked rise or fall when technology improves. Recent...

This paper analyzes the relationship between time allocation decisions of the unemployed, gender, and regional unemployment rates. Using two cross-sections from the 2002–2003 and 2009–2010 Spanish Time Use Surveys, we find that higher regional unemployment rates are associated with increases...

Gray D. (2005) An examination of regional interaction and super-regions in Britain: an error correction model approach, Regional Studies 39 , 619-632. This paper examines spill-over effects among regions. Estimating error correction models of British rates of unemployment and conducting...