On the dynamics of unemployment in a developing economy: Colombia

Ana María Iregui; Jesús Otero

doi:10.1080/1350485032000162811

On the dynamics of unemployment in a developing economy: Colombia

Ana María Iregui, Jesús Otero

Facultad de Economía

Producción científica: Contribución a una revista › Artículo › revisión exhaustiva

4 Citas (Scopus)

Resumen

This paper estimates an asymmetric error correction model to analyse the dynamic behaviour of the Colombian unemployment rate. It is found that wages above their long-run equilibrium level do increase unemployment, but wages below this level do not reduce it. This finding provides evidence of the existence of hysteresis in the Colombian unemployment rate.

Idioma original	Inglés estadounidense
Páginas (desde-hasta)	895-898
Número de páginas	4
Publicación	Applied Economics Letters
Volumen	10
N.º	14
DOI	https://doi.org/10.1080/1350485032000162811
Estado	Publicada - nov. 15 2003

Áreas temáticas de ASJC Scopus

Economía y econometría

ODS de las Naciones Unidas

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abstract = "This paper estimates an asymmetric error correction model to analyse the dynamic behaviour of the Colombian unemployment rate. It is found that wages above their long-run equilibrium level do increase unemployment, but wages below this level do not reduce it. This finding provides evidence of the existence of hysteresis in the Colombian unemployment rate.",

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On the dynamics of unemployment in a developing economy: Colombia

Resumen

Áreas temáticas de ASJC Scopus

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