ECTAP
 
HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact
 

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)

News

Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 2 / 2018 (615), Summer

Inflation unemployment dynamics in Hungary – A structured cointegration and vector error correction model approach

Vijay VICTOR
Szent Istvan University, Godóllö, Hungary
Maria FEKETE FARKAS
Szent Istvan University, Godóllö, Hungary
Florence JEESON
St. Michael’s College, Cherthala, Alappuzha, India

Abstract. This paper is an attempt to investigate the existence of long run dynamics between inflation and unemployment in Hungary through a structured cointegration approach and vector error correction model. Using the monthly data of inflation and unemployment in Hungary, this study shows the presence of a long-term relationship between inflation and unemployment. The cointegration test results prove the existence of a long run dynamics between these variables and the vector error correction model depicts that the variables would adjust to long run equilibrium path quickly in case of short run disturbances to the model. The results stand in contrast with the cases of many of the developed countries like USA where recent studies proved that the long run relationships between these two variables are vanishing.

Keywords: inflation, unemployment, cointegration, vector error correction model, Philips curve.

Download the full article:  

Contents

Open acces

ECTAP

Search

BOOKS

The Economicity. The Epistemic Landscape, Marin Dinu, 2016

Partners


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România (AGER) / General Association of Economists From Romania  (GAER)
Redacția: 010702, București, Calea Griviței nr. 21, sector 1, E-mail: economia.ta@edeconomica.com

© 2006-2018 AGER