Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003
A vital implication of unemployment persistence applies to the Bank of Canada's disinflation policies since it … adversely influences unemployment and considerably lengthens recessions. This paper tests for persistence in Canadian sectoral … unemployment, using the modified rescaled-range test. Our results show evidence of persistence in sectoral unemployment that …