71
Views
12
CrossRef citations to date
0
Altmetric
Original Articles

Unemployment and input prices: a fractional cointegration approach

&
Pages 347-351 | Published online: 07 Oct 2010

References

  • Bean , C. R. 1994 . European unemployment a survey . Journal of Economic Literature , 32 : 573 – 619 .
  • Blanchard , O. and Summers , L. 1986 . Hysteresis and the European unemployment problem . NBER Maeroeconomic Annual , 1 : 15 – 78 .
  • Blanchard , O. 1999 . Revisiting European unemployment unemployment, capital accumulation and factor prices , NBER WP no. 6566
  • Bruno , M. and Sachs , J. 1982 . Input price shocks and the slowdown of economic growth: the case of UK manufacturing . Review of Economic Studies , 49 : 679 – 705 .
  • Caporale , G. M. and Gil-Alana , L. A. 2000 . Fractional cointegration and tests of present value models , D.P. no. 15, Quantification and Simulation of Economic Processes Humboldt Universitat zu Berlin .
  • Caporale , G. M. and Gil-Alana , L. A. 2000 . Fractional cointegration and aggregate money demand functions , D.P. no. 03-00 London : Centre for Monetary and Financial Economics, South Bank University .
  • Carruth , A. A. , Hooker , M. A. and Oswald , A. J. 1998 . Unemployment equilibria and input prices: theory and evidence from the United States . Review of Economics and Statistics , 80 : 621 – 628 .
  • Cheung , Y. W. and Lai , K. S. 1993 . A fractional cointegration analysis of purchasing power parity . Journal of Business and Economic Statistics , 11 : 103 – 112 .
  • Dickey , D. A. and Fuller , W. A. 1979 . Distribution of the estimators for autoregressive time series with a unit root . Journal of the American Statistical Association , 74 : 427 – 431 .
  • Dickey , D. A. and Fuller , W. A. 1981 . Likelihood ratio statistics for autoregressive time series with a unit root . Econometrica , 49 : 1057 – 1072 .
  • Engle , R. F. and Granger , C. W. J. 1987 . Co-integration and error correction: representation, estimation, and testin . Econometrica , 55 : 251 – 276 .
  • Fuller , W. A. 1976 . Introduction to Statistical Time Series , New York : Wiley .
  • Gil-Alana , L. A. 1997 . Testing fractional integration in macroeconomic time series , London School of Economics and Political Sciences . PhD thesis
  • Gil-Alana , L. A. 1999 . Testing fractional integration with monthly data . Economic Modelling , 16 : 613 – 629 .
  • Gil-Alana , L. A. 2000 . Testing stochastic cycles in macroeconomic time series . Journal of Time Series Analysis , forthcoming in
  • Gil-Alana , L. A. and Robinson , P. M. 1997 . Testing of unit root and other nonstationary hypotheses in macroeconomic time series . Journal of Econometrics , 80 : 241 – 268 .
  • Gil-Alana , L. A. and Robinson , P. M. 2000 . Testing seasonal fractional integration in the UK and Japanese consumption and income . Journal of Applied Econometrics , forthcoming in
  • Hamilton , J. D. 1988 . A neoclassical model of unemployment and the business cycle . Journal of Political Economy , 96 : 593 – 617 .
  • Layard , R. , Nickell , S. J. and Jackman , R. 1991 . Unemployment: Macroeconomic Performance and the Labour Market , Oxford : Oxford University Press .
  • Marinucci , D. and Robinson , P. M. 1998 . Semi-parametric frequency domain analysis of fractional cointegration , Discussion Paper Series, EM/98/348 London School of Economics . STICERD
  • Nelson , C. R. and Plosser , C. I. 1982 . Trends and random walks in macroeconomic time series . Journal of Monetary Economics , 10 : 139 – 162 .
  • Nickell , S. J. 1990 . Unemployment a survey . Economic Journal , 100 : 391 – 439 .
  • Nickell , S. J. 1997 . Unemployment and labour market rigidities: Europe versus North Americ . Journal of Economic Perspectives , 11 : 55 – 74 .
  • Nickell , S. J. 1998 . Unemployment questions and some answers . Economic Journal , 108 : 802 – 816 .
  • Phelps , E. S. 1994 . Structural Slumps , Cambridge, Mass : Harvard University Press .
  • Robinson , P. M. 1994 . Efficient tests of nonstationary hypotheses . Journal of the American Statistical Association , 89 : 1420 – 1437 .
  • Stock , J. H. 1987 . Asymptotic properties of least squares estimators of cointegrating vectors . Econometrica , 55 : 1035 – 1056 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.