Cyclical dynamics of unemployment: Portugal versus the euro area
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10348/10123 |
Resumo: | Since Portugal joined the European Monetary Union, its unemployment rate has increased continuously. In the euro area, some other countries have also been experiencing high levels of unemployment. In this work, we analyse and characterize the dynamics of Portuguese unemployment in the recent past in an attempt to understand which groups have been most affected and how austerity measures have impacted this problem. Also, we investigate the relationship between the cyclical behaviour of the unemployment rate and business cycles since the 1970s, emphasizing a comparison between Portugal and the first eleven countries, other than Portugal, that have adopted the euro. The results show countercyclical behaviour in most countries, with great differences in the degree of association between the cycles of the two variables, and also suggest that the introduction of the euro induced stronger correlation for the majority of the euro area countries. Finally, we present some policy considerations raised by our results. |
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Cyclical dynamics of unemployment: Portugal versus the euro areabusiness cycleseuro areaPortugalunemploymentSince Portugal joined the European Monetary Union, its unemployment rate has increased continuously. In the euro area, some other countries have also been experiencing high levels of unemployment. In this work, we analyse and characterize the dynamics of Portuguese unemployment in the recent past in an attempt to understand which groups have been most affected and how austerity measures have impacted this problem. Also, we investigate the relationship between the cyclical behaviour of the unemployment rate and business cycles since the 1970s, emphasizing a comparison between Portugal and the first eleven countries, other than Portugal, that have adopted the euro. The results show countercyclical behaviour in most countries, with great differences in the degree of association between the cycles of the two variables, and also suggest that the introduction of the euro induced stronger correlation for the majority of the euro area countries. Finally, we present some policy considerations raised by our results.2020-10-12T13:38:07Z2016-01-01T00:00:00Z2016info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10348/10123enghttps://doi.org/10.30958/ajbe.2-2-3Correia, Leonida Amaral TomasCarvalho, Daniealinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-02T12:40:29Zoai:repositorio.utad.pt:10348/10123Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T02:02:36.784799Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Cyclical dynamics of unemployment: Portugal versus the euro area |
title |
Cyclical dynamics of unemployment: Portugal versus the euro area |
spellingShingle |
Cyclical dynamics of unemployment: Portugal versus the euro area Correia, Leonida Amaral Tomas business cycles euro area Portugal unemployment |
title_short |
Cyclical dynamics of unemployment: Portugal versus the euro area |
title_full |
Cyclical dynamics of unemployment: Portugal versus the euro area |
title_fullStr |
Cyclical dynamics of unemployment: Portugal versus the euro area |
title_full_unstemmed |
Cyclical dynamics of unemployment: Portugal versus the euro area |
title_sort |
Cyclical dynamics of unemployment: Portugal versus the euro area |
author |
Correia, Leonida Amaral Tomas |
author_facet |
Correia, Leonida Amaral Tomas Carvalho, Danieal |
author_role |
author |
author2 |
Carvalho, Danieal |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Correia, Leonida Amaral Tomas Carvalho, Danieal |
dc.subject.por.fl_str_mv |
business cycles euro area Portugal unemployment |
topic |
business cycles euro area Portugal unemployment |
description |
Since Portugal joined the European Monetary Union, its unemployment rate has increased continuously. In the euro area, some other countries have also been experiencing high levels of unemployment. In this work, we analyse and characterize the dynamics of Portuguese unemployment in the recent past in an attempt to understand which groups have been most affected and how austerity measures have impacted this problem. Also, we investigate the relationship between the cyclical behaviour of the unemployment rate and business cycles since the 1970s, emphasizing a comparison between Portugal and the first eleven countries, other than Portugal, that have adopted the euro. The results show countercyclical behaviour in most countries, with great differences in the degree of association between the cycles of the two variables, and also suggest that the introduction of the euro induced stronger correlation for the majority of the euro area countries. Finally, we present some policy considerations raised by our results. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-01-01T00:00:00Z 2016 2020-10-12T13:38:07Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10348/10123 |
url |
http://hdl.handle.net/10348/10123 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://doi.org/10.30958/ajbe.2-2-3 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799137111366959104 |