Cuestas, J.C., Monfort, M. and Ordóñez, J. (2015) Unemployment Convergence in Central and Eastern European Countries: Driving Forces and Cluster Behavior. Emerging Markets Finance and Trade , 51 (1). pp. 259-273. ISSN 1540-496X
Abstract
Employing a nonlinear logistic smooth transition autoregression system and comovement analysis, we find that the German business cycle has acted as a common driver affecting the cyclical behavior of unemployment rates in Central and Eastern European countries. In addition, we identify two convergence clubs in unemployment dynamics. The first comprises the Baltic States, Hungary, and Poland, and the second group of countries is composed of the Czech Republic and Slovakia. Interestingly, this classification matches the labor market policies and institutional divergences observed among these countries.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015 Taylor & Francis. This is an author produced version of a paper subsequently published in Emerging Markets Finance and Trade. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | business cycle; economic integration; nonlinearities; transition economies; unemployment |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 12 Jan 2015 11:16 |
Last Modified: | 01 Nov 2016 22:44 |
Published Version: | http://dx.doi.org/10.1080/1540496X.2015.1011537 |
Status: | Published |
Publisher: | Taylor & Francis |
Refereed: | Yes |
Identification Number: | 10.1080/1540496X.2015.1011537 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:82771 |