Hysteresis versus NAIRU and convergence versus divergenceThe behavior of regional unemployment rates in Brazil
Gomes, Fábio Augusto Reis; Silva, Cleomar Gomes da
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Resumo
The aim of this work is to analyze the regional unemployment rate behavior in Brazil. Firstly, unit root tests with structural breaks were used to determine which theoretical framework - hysteresis or NAIRU - is more appropriate to explain the unemployment dynamics not only in six Brazilian metropolitan areas - São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Salvador and Recife - but also at national level. Hysteresis is found to be the best choice in five, but Rio de Janeiro. This indicates a high persistence in the Brazilian regional unemployment rate. Secondly, we investigated whether these five metropolitan regions, characterized by the hysteresis effect, show a stochastic convergence. The latter was found in every case, but Porto Alegre. © 2007 The Board of Trustees of the University of Illinois.
Ficha do documento
- Tipo
- Artigo científico
- Ano
- 2009
- Instituição
- Fundação Getulio Vargas
- Fonte
- Repositório da FGV
- Idioma
- Inglês
- Acesso
- Acesso restrito
- Identificador
- oai:repositorio.fgv.br:10438/25349
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