REVISITING HYSTERESIS IN UNEMPLOYMENT FOR TEN EUROPEAN COUNTRIES: AN EMPIRICAL NOTE ON A MORE POWERFUL NONLINEAR (LOGISTIC) UNIT ROOT

In this empirical note we use a more powerful nonlinear (logistic) unit root test advanced by Leybourne et al. (1998) to investigate the hysteresis in unemployment for ten European countries for the period 1961-2003. The hypothesis is confirmed for all the European countries for which Leybourne et al.¡¯s (1998) nonlinear (logistic) unit root test is performed, except for Belgium and the UK.

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Year of publication:	2007
Authors:	Chang, Tsangyao ; Ho, Yuan-Hong ; Huang, Chung-Ju
Published in:	Journal of Economic Development. - Economics. - Vol. 32.2007, 1, p. 49-57
Publisher:	Economics
Subject:	Hysteresis in Unemployment \| European Countries \| Logistic Unit Root Tests

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C22 - Time-Series Models ; C23 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009351253