EuroEconomica, Vol 38, No 1 (2019)

Statistical Analysis of the Asymmetrical Unemployement in Albania

Ornela Shalari, Anita Gumeni, Pranvera Mulla

Abstract


The asymmetry of the business cycle has concerned economists for a long time. The main objective of this study is testing asymmetries of the business cycle in Albania, using quarterly rates of unemployment. The extant literature shows that economic time series data changes faster during contractions than expansions. We use information received from unemployment to test the asymmetries in the Albanian business cycle. The use data from January 01, 2000 to September 31, 2017. The data are received from the Bank of Albania. In this analysis we use non-parametric method. We conclude that the moments of the distribution analysis is not a powerful method to reach conclusive results.


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