A further investigation of unemployment persistence in European transition economies

@inproceedings{Cuestas2011AFI,
  title={A further investigation of unemployment persistence in European transition economies},
  author={Juan Carlos Cuestas and Luis A. Gil-Alana and Karsten Staehr},
  year={2011}
}
This paper analyses the dynamics of the unemployment rate in the eight countries from Central and Eastern Europe which joined the EU in 2004. Unit root tests allowing for nonlinearities and structural changes suggest that the unemployment rate is not stationary in most of the sample countries. Tests allowing for fractional integration, however, reveal that shocks are highly persistent, implying a slow rate of convergence to the natural rate of unemployment. The unemployment rate is least… CONTINUE READING

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