On the Dynamics of Unemployment in a Developing Economy: Colombia


  • Borradores de economía


  • This paper estimates an asymmetric error correction model to analyze the dynamic behavior of the Colombian unemployment rate. We find evidence that wages above their long- run equilibrium level do increase unemployment, but wages below this level do not reduce it.

fecha de publicación

  • 2002-05

Líneas de investigación

  • Cointegration
  • Colombia
  • Labour Market
  • Non-Linearties
  • Unemployment
  • Wage Disequilibrium


  • 208