Gil-Alaña, Luis A.; Henry, S. G. B. - 2000
approaches based on I(0) stationary or I(1) (integrated and/or cointegrated) models, we use the fractional integration framework …, with the order of integration of unemployment ranging between 0.50 and 1. Thus, unemployment shows the characteristics of … long memory but is mean reverting. -- long memory ; unemployment ; fractional integration …