Arbeitspapier
Youth Unemployment in Europe: Persistence and Macroeconomic Determinants
This paper investigates the statistical features and the macroeconomic determinants of youth unemployment in a number of European countries. First, it explores its short and long memory properties by estimating both autoregressive and fractional integration models. This type of analysis sheds light on the degree of persistence of the series, and on whether policy actions are required for highly persistent series. Second, it investigates the main determinants of youth unemployment in Europe by estimating fractional cointegration models. The evidence suggests that this series is highly persistent in all the countries examined, and that in some of them there is a statistically significant long-run equilibrium relationship linking it to macroeconomic variables such as GDP and inflation.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 4696
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Unemployment: Models, Duration, Incidence, and Job Search
- Thema
-
youth unemployment
fractional integration
fractional cointegration
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Caporale, Guglielmo Maria
Gil-Alaña, Luis A.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Caporale, Guglielmo Maria
- Gil-Alaña, Luis A.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2014
Ähnliche Objekte (12)
Testing stochastic cycles in macroeconomic time series
Testing of fractional cointegration in macroeconomic time series
A fractionally integrated exponential model for UK unemployment
Unit and fractional roots in the presence of abrupt changes with an application to the Brazilian inflation rate
The power of the tests of Robinson (1994) in the context of fractionally integrated moving average models
Deterministic seasonality versus seasonal fractional integration
A joint test of fractional cyclic integration and a linear time trend
Testing of unit roots and other fractionally integrated hypotheses in the presence of structural breaks
A fractionally integrated model with a mean shift for the US and the UK real oil prices
Forecasting the real output using fractionally integrated techniques
Modelling seasonality with fractionally integrated processes
A generalized fractional time series model
Testing stochastic cycles in macroeconomic time series
Testing of fractional cointegration in macroeconomic time series
A fractionally integrated exponential model for UK unemployment
Unit and fractional roots in the presence of abrupt changes with an application to the Brazilian inflation rate
The power of the tests of Robinson (1994) in the context of fractionally integrated moving average models
Deterministic seasonality versus seasonal fractional integration
A joint test of fractional cyclic integration and a linear time trend
Testing of unit roots and other fractionally integrated hypotheses in the presence of structural breaks
A fractionally integrated model with a mean shift for the US and the UK real oil prices
Forecasting the real output using fractionally integrated techniques
Modelling seasonality with fractionally integrated processes
A generalized fractional time series model
Testing stochastic cycles in macroeconomic time series
Testing of fractional cointegration in macroeconomic time series
A fractionally integrated exponential model for UK unemployment
Unit and fractional roots in the presence of abrupt changes with an application to the Brazilian inflation rate
The power of the tests of Robinson (1994) in the context of fractionally integrated moving average models
Deterministic seasonality versus seasonal fractional integration
A joint test of fractional cyclic integration and a linear time trend
Testing of unit roots and other fractionally integrated hypotheses in the presence of structural breaks
A fractionally integrated model with a mean shift for the US and the UK real oil prices
Forecasting the real output using fractionally integrated techniques
Modelling seasonality with fractionally integrated processes