The time-varying long-run rate of unemployment in Colombia

被引:0
|
作者
Arango, Luis E. [1 ]
Posada, Carlos E. [1 ]
机构
[1] Banco Republ, Bogota, Colombia
来源
INVESTIGACION ECONOMICA | 2009年 / 68卷 / 269期
关键词
unemployment rate; labor costs; capital accumulation; cointegration;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
The long-run component of the Colombian urban unemployment rate is estimated for the last twenty years. According to the results, the main determinants of the permanent component of the unemployment rate are the real hourly wage, the non-wage labor costs and the rate of capital accumulation. Given the statistical properties of the variables, a cointegration approach was adopted.
引用
收藏
页码:143 / +
页数:25
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