RDP 9305: The Unemployment/Vacancy Relationship in Australia
Equation (1)
log
U
t
=
0.24
(
2.9
)
+
0.58
(
8.4
)
log
U
t
−
1
−
0.09
(
−
2.3
)
log
V
t
−
3
−
6.48
(
−
5.0
)
log
G
D
P
G
A
P
t
+
0.25
(
2.8
)
(
log
R
R
t
−
2
−
log
R
R
t
−
4
)
+
0.002
(
3.5
)
T
r
e
n
d
+
0.33
(
6.6
)
D
74
:
3
+
s
e
a
s
o
n
s
R
¯
2
=
0.99
,
P
(
L
M
1
)
=
0.23
,
P
(
L
M
4
)
=
0.028
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