Original scientific paper
https://doi.org/10.1080/1331677X.2014.947105
Are unemployment rates stationary in Asia-Pacific countries? New findings from Fourier ADF test
Fumitaka Furuoka
Abstract
This article examines whether the unemployment rates in five Asia-Pacific countries can be described as a stationary process. It employs a newly developed nonlinear Fourier ADF test for this purpose. The findings indicated that South Korea’s unemployment rate could be described as a stationary process; the unemployment rates in Australia and Hong Kong could be considered as a stationary process around the structural breaks; in China and Japan the unemployment rates exhibited a weak tendency to return to equilibrium level.
Keywords
unemployment; hysteresis; Asia-Pacific
Hrčak ID:
171311
URI
Publication date:
20.12.2014.
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