Dynamic asymmetries in the Australian labour market

Bodman, Philip M. (2002). Dynamic asymmetries in the Australian labour market. In: S. Hurn and A. Layton, ESAM02 - Econometric Society Australasian Meeting. Econometric Society Australasian Meeting, Brisbane, Qld, Australia, (1-36). 7-10 July 2002.


Author Bodman, Philip M.
Title of paper Dynamic asymmetries in the Australian labour market
Conference name Econometric Society Australasian Meeting
Conference location Brisbane, Qld, Australia
Conference dates 7-10 July 2002
Convener School of Economics and Finance, Queensland University of Technology
Proceedings title ESAM02 - Econometric Society Australasian Meeting
Place of Publication Brisbane, Qld, Australia
Publisher Queensland University of Technology
Publication Year 2002
Sub-type Fully published paper
Editor S. Hurn
A. Layton
Start page 1
End page 36
Total pages 36
Collection year 2002
Language eng
Formatted Abstract/Summary
This paper examines whether Australian labour market variables, in particular aggregate employment and unemployment, exhibit particular forms of nonlinearity and asymmetry that are of economic interest. The analysis uses nonparametric tests - the BDS test and the triples test. The BDS test assesses whether general residual unexplained nonlinearity remains once linear modeling has been applied to the data. The triples test is used to test for 'steepness' and 'deepness' asymmetries at the business cycle frequency. Evidence is found of nonlinearities
Subjects EX
340401 Economic Models and Forecasting
720100 Macroeconomic Issues
Keyword business cycles
asymmetries
nonparametric tests
steepness
deepness
current depth of recession
overheating
speed limits
Q-Index Code EX

 
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Created: Fri, 24 Aug 2007, 00:56:07 EST