WP 2009-07: Have European Unemployment Rates Converged?
WP 2009-07: Have European Unemployment Rates Converged?
WP 2009-07: Have European Unemployment Rates Converged?
N°
WP 2009-07
Title
Have European Unemployment Rates Converged?
Original title
¿Hay Convergencia en las Tasas de Desempleo Europeas?
Author(s)
Dionisio Ramírez Carrera and Gabriel Rodríguez
Language
English
Date
2009/03/31
Abstract
Using di¤erent unit root statistics and the approach of Tomljanovich and Vogelsang (2002), we test for the existence of stochastic and beta-convergence in the unemployment rates of a set of thirteen European countries. Using quarterly data for the period 1984:1-2005:4, we observe that there has taken place a convergence process in the majority of European unemployment rates. This process has become more intense since 1993.