Testing the Order of Integration of the U.K. Unemployment

20 Pages Posted: 14 Aug 2008

See all articles by Luis A. Gil-Alana

Luis A. Gil-Alana

University of Navarra - Department of Economics

Date Written: August 13, 2008

Abstract

Tests proposed by Robinson (1994a) for testing unit roots and other fractionally integrated hypotheses are applied in this article to several measures of the U.K. unemployment. The results clearly reject the trend-stationary I(0) representations, but even the unit roots I(1) hypotheses are also rejected in favour of alternatives with d > 1. Thus the standard approach of taking first differences to get I(0) stationary series may be too restrictive, obtaining series with long memory behaviour.

Keywords: Unemployment in UK, Unit roots, Fractionally Integrated Series

JEL Classification: C22, C5

Suggested Citation

Gil-Alana, Luis A., Testing the Order of Integration of the U.K. Unemployment (August 13, 2008). Applied Econometrics and International Development, Vol. 2, No. 1, 2002, Available at SSRN: https://ssrn.com/abstract=1223542

Luis A. Gil-Alana (Contact Author)

University of Navarra - Department of Economics ( email )

Campus de Arrosadia
Pamplona, 31006
Spain

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
16
Abstract Views
622
PlumX Metrics