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    A nonparametric analysis of regional unemployment dynamics in Britain

    Bianchi, M. and Zoega, Gylfi (1999) A nonparametric analysis of regional unemployment dynamics in Britain. Journal of Business and Economic Statistics 17 (2), pp. 205-216. ISSN 0735-0015.

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    Abstract

    This article estimates the probability distribution of relative county unemployment in Britain for the years 1981–1995. We find that the distribution is unimodal in all years, with a falling variance between 1989 and 1994. We use bootstrap methods to determine critical values for the two tails of the distribution and analyze intradistribution dynamics. We calculate transition probabilities and find that the probability of leaving any given state is very low. We also find that high (low) unemployment regions have a higher probability of entering a state of lower (higher) unemployment than a state of higher (lower) unemployment.

    Metadata

    Item Type: Article
    School: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Depositing User: Sarah Hall
    Date Deposited: 01 Dec 2020 18:38
    Last Modified: 01 Dec 2020 18:38
    URI: https://eprints.bbk.ac.uk/id/eprint/41922

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