Stability of activity-unemployment relationship in a codependent system

Authors
Candelon, B Hecq, A
Citation
B. Candelon et A. Hecq, Stability of activity-unemployment relationship in a codependent system, APPL ECON L, 7(10), 2000, pp. 687-693
Citations number
20
Categorie Soggetti
Economics
Journal title
APPLIED ECONOMICS LETTERS
ISSN journal
13504851 → ACNP
Volume
7
Issue
10
Year of publication
2000
Pages
687 - 693
Database
ISI
SICI code
1350-4851(200010)7:10<687:SOARIA>2.0.ZU;2-5
Abstract
A recursive codependence analysis is proposed for investigating the stabili ty of the activity-unemployment relationship. Besides some noticeable stati stical advantages, this new method provides a more accurate evaluation of c onjunctural employment policies. It appears that for most countries, the de lay necessary to absorb a shock is low, indicating that conjunctural stabil ization mechanisms and/or employment policies serve their purpose.