The Applicability of the Sectoral Shift Hypothesis in the Netherlands
Ivo De Loo
Nyenrode Business University
Journal of Applied Economics, Vol. 3, No. 1, pp. 57-69, May 2000
The sectoral shift hypothesis in the Netherlands cannot be easily tested for the presence of rigorous structural breaks in the data. Therefore, a Kalman Filter approach is adopted. What we find, is that the variables capturing the sectoral shift hypothesis are the most important in explaining Dutch unemployment behavior during the postwar period. This means that cyclical unemployment in the Netherlands can be viewed as a fluctuation of the natural rate of unemployment.
Keywords: Unemployment, sectoral shift hypothesis
JEL Classification: E24, J21Accepted Paper Series
Date posted: June 14, 2004
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