On the dynamics of unemployment in a developing economy: Colombia
Borradores de Economía; No. 208
Date published
2002-05-16Date of last update
2002-05-16Document language
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
This paper estimates an asymmetric error correction model to analyse the dynamic behaviour of the Colombian unemployment rate. We find evidence that wages above their long-run equilibrium level do increase unemployment, but wages below this level do not r
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URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5226https://hdl.handle.net/20.500.12134/5226
https://doi.org/10.32468/be.208
https://ideas.repec.org/p/bdr/borrec/208.html
https://ideas.repec.org/p/col/000094/003298.html
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