Testing for persistence in aggregate and sectoral Canadian unemployment
AbstractPersistence in aggregate and sectoral Canadian unemployment is tested for. Using the corrected for short-range dependency modified rescaled-range test, it is concluded that the fluctuations in aggregate and sectoral Canadian unemployment exhibit persistence. Policies aimed at reducing inflation should embody and account for the extra cost of sustained unemployment due to its persistence.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 12 (2005)
Issue (Month): 14 ()
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