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Trends and Cycles in Australian State and Territory Unemployment Rates

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  • Dixon, R.
  • Shepherd, D.

Abstract

This paper has as its subject matter the behaviour of state unemployment rates over time. Arguments are presented which suggest that the common approach which entails regressing state or regional rate of unemployment on the national rate is not likely to yield much useful knowledge. As a positive contribution to the literature, this paper focuses on two things: first, the behaviour over time in the dispersion of state unemployment rates and their relationship with the business cycle and; second, tests for the presence of common trends and/or common cycles in the state unemployment rates. The results suggest that there is a case which can be made for regional policy in Australia.

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File URL: http://www.economics.unimelb.edu.au/downloads/wpapers-00-01/730.pdf
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Bibliographic Info

Paper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 730.

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Length: 58 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:mlb:wpaper:730

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Postal: Department of Economics, The University of Melbourne, 5th Floor, Economics and Commerce Building, Victoria, 3010, Australia
Phone: +61 3 8344 5289
Fax: +61 3 8344 6899
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Web page: http://www.economics.unimelb.edu.au
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Keywords: REGIONAL DEVELOPMENT ; UNEMPLOYMENT ; BUSINESS CYCLES;

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References

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  3. Hess, Gregory D & Shin, Kwanho, 1997. "International and Intranational Business Cycles," Oxford Review of Economic Policy, Oxford University Press, vol. 13(3), pages 93-109, Autumn.
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  10. Mark Crosby & Nilss Olekalns, 1998. "Inflation, Unemployment and the NAIRU in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 31(2), pages 117-129.
  11. Osterwald-Lenum, Michael, 1992. "A Note with Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 461-72, August.
  12. David K. Backus & Patrick J. Kehoe & Finn E. Kydland, 1993. "International Business Cycles: Theory and Evidence," Working Papers 93-21, New York University, Leonard N. Stern School of Business, Department of Economics.
  13. Engle, Robert F. & Issler, Joao Victor, 1995. "Estimating common sectoral cycles," Journal of Monetary Economics, Elsevier, vol. 35(1), pages 83-113, February.
  14. Ron Martin, 1997. "Regional Unemployment Disparities and their Dynamics," Regional Studies, Taylor & Francis Journals, vol. 31(3), pages 237-252.
  15. Christodoulakis, Nicos & Dimelis, Sophia P & Kollintzas, Tryphon, 1995. "Comparisons of Business Cycles in the EC: Idiosyncracies and Regularities," Economica, London School of Economics and Political Science, vol. 62(245), pages 1-27, February.
  16. Engle, Robert F & Kozicki, Sharon, 1993. "Testing for Common Features," Journal of Business & Economic Statistics, American Statistical Association, vol. 11(4), pages 369-80, October.
  17. Marco Lippi & Lucrezia Reichlin, 1994. "Common and uncommon trends and cycles," ULB Institutional Repository 2013/10153, ULB -- Universite Libre de Bruxelles.
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