On the dynamics of unemployment in a developing economy: Colombia
This paper estimates an asymmetric error correction model to analyse the dynamic behaviour of the Colombian unemployment rate. It is found that wages above their long-run equilibrium level do increase unemployment, but wages below this level do not reduce it. This finding provides evidence of the ex...
Autores Principales: | , |
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Formato: | Artículo (Article) |
Lenguaje: | Inglés (English) |
Publicado: |
2003
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Materias: | |
Acceso en línea: | https://repository.urosario.edu.co/handle/10336/22611 https://doi.org/10.1080/1350485032000162811 |