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...

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Fecha de publicación:: 2003

Institución:: Universidad del Rosario

Repositorio:: Repositorio EdocUR - U. Rosario

Idioma:: eng

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spelling	90d9190c-f3be-4e29-8ba9-2da98480207b792428146002020-05-25T23:57:07Z2020-05-25T23:57:07Z2003This 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 existence of hysteresis in the Colombian unemployment rate.application/pdfhttps://doi.org/10.1080/13504850320001628111350485114664291https://repository.urosario.edu.co/handle/10336/22611eng898No. 14895Applied Economics LettersVol. 10Applied Economics Letters, ISSN:13504851, 14664291, Vol.10, No.14 (2003); pp. 895-898https://www.scopus.com/inward/record.uri?eid=2-s2.0-0742322692&doi=10.1080%2f1350485032000162811&partnerID=40&md5=19081c1618e6db6b5594668fd658469aAbierto (Texto Completo)http://purl.org/coar/access_right/c_abf2instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURError correctionHysteresisUnemploymentWage determinationColombiaSouth americaOn the dynamics of unemployment in a developing economy: ColombiaarticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Iregui A.M.Otero Cardona, Jesús Gilberto10336/22611oai:repository.urosario.edu.co:10336/226112022-05-02 07:37:16.925941https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv	On the dynamics of unemployment in a developing economy: Colombia
title	On the dynamics of unemployment in a developing economy: Colombia
spellingShingle	On the dynamics of unemployment in a developing economy: Colombia Error correction Hysteresis Unemployment Wage determination Colombia South america
title_short	On the dynamics of unemployment in a developing economy: Colombia
title_full	On the dynamics of unemployment in a developing economy: Colombia
title_fullStr	On the dynamics of unemployment in a developing economy: Colombia
title_full_unstemmed	On the dynamics of unemployment in a developing economy: Colombia
title_sort	On the dynamics of unemployment in a developing economy: Colombia
dc.subject.keyword.spa.fl_str_mv	Error correction Hysteresis Unemployment Wage determination Colombia South america
topic	Error correction Hysteresis Unemployment Wage determination Colombia South america
description	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 existence of hysteresis in the Colombian unemployment rate.
publishDate	2003
dc.date.created.spa.fl_str_mv	2003
dc.date.accessioned.none.fl_str_mv	2020-05-25T23:57:07Z
dc.date.available.none.fl_str_mv	2020-05-25T23:57:07Z
dc.type.eng.fl_str_mv	article
dc.type.coarversion.fl_str_mv	http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv	http://purl.org/coar/resource_type/c_6501
dc.type.spa.spa.fl_str_mv	Artículo
dc.identifier.doi.none.fl_str_mv	https://doi.org/10.1080/1350485032000162811
dc.identifier.issn.none.fl_str_mv	13504851 14664291
dc.identifier.uri.none.fl_str_mv	https://repository.urosario.edu.co/handle/10336/22611
url	https://doi.org/10.1080/1350485032000162811 https://repository.urosario.edu.co/handle/10336/22611
identifier_str_mv	13504851 14664291
dc.language.iso.spa.fl_str_mv	eng
language	eng
dc.relation.citationEndPage.none.fl_str_mv	898
dc.relation.citationIssue.none.fl_str_mv	No. 14
dc.relation.citationStartPage.none.fl_str_mv	895
dc.relation.citationTitle.none.fl_str_mv	Applied Economics Letters
dc.relation.citationVolume.none.fl_str_mv	Vol. 10
dc.relation.ispartof.spa.fl_str_mv	Applied Economics Letters, ISSN:13504851, 14664291, Vol.10, No.14 (2003); pp. 895-898
dc.relation.uri.spa.fl_str_mv	https://www.scopus.com/inward/record.uri?eid=2-s2.0-0742322692&doi=10.1080%2f1350485032000162811&partnerID=40&md5=19081c1618e6db6b5594668fd658469a
dc.rights.coar.fl_str_mv	http://purl.org/coar/access_right/c_abf2
dc.rights.acceso.spa.fl_str_mv	Abierto (Texto Completo)
rights_invalid_str_mv	Abierto (Texto Completo) http://purl.org/coar/access_right/c_abf2
dc.format.mimetype.none.fl_str_mv	application/pdf
institution	Universidad del Rosario
dc.source.instname.spa.fl_str_mv	instname:Universidad del Rosario
dc.source.reponame.spa.fl_str_mv	reponame:Repositorio Institucional EdocUR
repository.name.fl_str_mv	Repositorio institucional EdocUR
repository.mail.fl_str_mv	edocur@urosario.edu.co
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On the dynamics of unemployment in a developing economy: Colombia

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