RT info:eu-repo/semantics/article
T1 Natural and cyclical unemployment: A stochastic frontier decomposition and economic policy implications
A1 Martín Román, Ángel L.
AB This work splits effective unemployment into two components:natural unemployment, and cyclical unemployment.For that purpose, an estimation of thestochastic cost frontier is performed. The study isfocused on the 17 autonomous communities in Spainover the period 1982–2012. Results evidence greaterimportance of the natural component as the principaldeterminant of effective unemployment.When comparingthese results with those obtained applying univariatefilters, the distribution in the components of the effectiveunemployment changes, increasing the importanceof cyclical unemployment. This result indicates that thepolicymakers should have a greater power to implementaggregate demand policies.
PB Wiley
YR 2023
FD 2023
LK https://uvadoc.uva.es/handle/10324/62190
UL https://uvadoc.uva.es/handle/10324/62190
LA spa
NO Martín‐Román, Á. L., Cuéllar‐Martín, J., & Moral, A. (2023). Natural and cyclical unemployment: A stochastic frontier decomposition and economic policy implications. Bulletin of Economic Research, 75(1), 5-39.
DS UVaDOC
RD 17-may-2024