Skip to main content
Article thumbnail
Location of Repository

Persistent regional unemployment differentials revisited

By David Gray

Abstract

Based on bivariate and multivariate cointegration, three inferences concerning the nature of the British regional unemployment rates are drawn. First, regional unemployment rates are characterized by long-run, persistent relationships. The differentials are maintained by equilibrating systemic forces that induce co-movements of rates in the long-run, implying that decreasing the national rate of unemployment will reduce regional rates, but not eliminate differentials. Second, multivariate cointegration provides a richer picture of unemployment co-movements compared with bivariate analysis. Third, East Anglia does not revert to an equilibrium relationship with the other regions, suggesting that it is not constrained to follow the common trends driving the British regional system in the long-ru

Topics: L113 Economic Policy
Year: 2004
OAI identifier: oai:eprints.lincoln.ac.uk:550
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://eprints.lincoln.ac.uk/5... (external link)
  • http://eprints.lincoln.ac.uk/5... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.