This paper studies the smooth transition regression model where regressors are I(1) and errors are I(0). The regressors and errors are assumed to be dependent both serially and contemporaneously. Using the triangular array asymptotics, the nonlinear least squares estimator is shown to be...

This new report published by the International Labour Organization (ILO) shows how well-designed employment and social policies can play a crucial role in both boosting job creation and making economic growth more solid and equitable.