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Have European Unemployment Rates Converged?

  • Ramírez Carrera, Dionisio

    (Universidad de Castilla-La Mancha)

  • Rodríguez, Gabriel

    ()

    (Central Reserve Bank of Peru and Pontificia Universidad Católica del Perú)

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.

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Paper provided by Banco Central de Reserva del Perú in its series Working Papers with number 2009-007.

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Date of creation: Mar 2009
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Handle: RePEc:rbp:wpaper:2009-007
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