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. For these purposes, panel unit root tests are employed to improve power against univariate counterparts. Since cross … section correlation is a distinct feature of the underlying panel data, results are based on various second generation panel …
Persistent link: https://www.econbiz.de/10003314703
employs a panel data technique is used. This estimator is suited for integrated annual macroeconomic panel data sets to … explains the concept of panel unit roots and panel cointegration and introduces the underlying empirical approach. Next …
Persistent link: https://www.econbiz.de/10002590847
Persistent link: https://www.econbiz.de/10010388661
-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …
Persistent link: https://www.econbiz.de/10012418077
This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian … labor market. It estimates models of wage determination using aggregate and firm-level panel data. Two main conclusions …
Persistent link: https://www.econbiz.de/10014398156
where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate … increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers … (1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession …
Persistent link: https://www.econbiz.de/10014411218
Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however … problems, is overcome by adopting a Bayesian Model Averaging approach. I apply this method to a panel data set that covers 17 … indicators are identified as significant determinants of unemployment. Endogeneity due to reverse causality is also considered by …
Persistent link: https://www.econbiz.de/10008652532
The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identical characteristics. The gap is smaller for immigrants from advanced countries,...
Persistent link: https://www.econbiz.de/10011436800
influence of unobserved heterogeneity in the framework of panel data models. The analysis shows that the probability for an …
Persistent link: https://www.econbiz.de/10003338011
and provide some remarks for future research. -- Economic integration ; regional growth ; EU Cohesion Policy ; panel data …
Persistent link: https://www.econbiz.de/10003881569