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German data confirms the theoretical predictions. Keywords: Unemployment ; Hysteresis ; Trade Unions ; Cointegration Contents … Analysis: The Data; Seasonal Structure; Cointegration Analysis; Discussion; Hysteresis: Hysteresis Models; Relation to Previous … Studies;Hysteresis in German Unemployment; Conclusions; Index …
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This thesis is mainly concerned with the estimation of parameters of a first-order Smooth Threshold Autoregressive (STAR) model with delay parameter one. The estimation procedures include classical and Bayesian methods from a parametric and a semiparametric point of view.As the theoretical...
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