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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Autores:
Tipo de recurso:
Fecha de publicación:
2003
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
eng
OAI Identifier:
oai:repository.urosario.edu.co:10336/22611
Acceso en línea:
https://doi.org/10.1080/1350485032000162811
https://repository.urosario.edu.co/handle/10336/22611
Palabra clave:
Error correction
Hysteresis
Unemployment
Wage determination
Colombia
South america
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License
Abierto (Texto Completo)
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oai_identifier_str oai:repository.urosario.edu.co:10336/22611
network_acronym_str EDOCUR2
network_name_str Repositorio EdocUR - U. Rosario
repository_id_str
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
_version_ 1818106990977613824

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