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Hysteresis in Unemployment: Panel Unit Roots Tests Using State Level Data
Mohan, Ramesh; Kemegue, Francis; Sjuib, Fahlino - Volkswirtschaftliche Fakultät, … - 2007
Most studies that use classical unit-root tests in OECD countries support the unemployment hysteresis hypothesis … number of panel unit root tests, which are known to overcome specification problems, to check the existence of hysteresis in …, refuting the unemployment hysteresis hypothesis. …
Persistent link: https://www.econbiz.de/10005786989
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Unemployment hysteresis in the English-speaking Caribbean: evidence from non-linear models
Craigwell, Roland; Mathouraparsad, Sebastien; Maurin, Alain - Volkswirtschaftliche Fakultät, … - 2011
ideas that have been proposed to explain the problem of unemployment hysteresis and discusses their appropriateness in the … nonlinearities in the mean to empirically examine the hypothesis of hysteresis. The results supported these non- linear …
Persistent link: https://www.econbiz.de/10009294956
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Productivity Shocks, Unemployment Persistence, and the Adjustment of Real Wages in OECD Countries
Pascalau, Razvan - Volkswirtschaftliche Fakultät, … - 2007
This paper applies a set of unit root and cointegration tests with non-linear error-correction mechanisms to a subset of the OECD countries to investigate the empirical conclusions of some of the labor market models in the literature. I generally find that the unemployment rate, productivity,...
Persistent link: https://www.econbiz.de/10005619682
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Does Hysteresis in Unemployment Occur in OECD Countries? Evidence from Parametric and Non-Parametric Panel Unit Roots Tests
Liew, Venus Khim-Sen; Chia, Ricky Chee-Jiun; Puah, Chin-Hong - Volkswirtschaftliche Fakultät, … - 2009
This study tests the hysteresis hypothesis of unemployment in fourteen OECD countries by examining the stationarity of … unemployment rates using several panel unit root tests. Empirical results show that the hysteresis hypothesis cannot be rejected … consider the cross-country labor markets interdependence when testing the hysteresis hypothesis as the labor market …
Persistent link: https://www.econbiz.de/10008490459
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Panel data evidence on effects of fiscal impulses in the EU New Member States
Borys, Paweł; Ciżkowicz, Piotr; Rzońca, Andrzej - Volkswirtschaftliche Fakultät, … - 2013
We identify fiscal impulses in the EU New Member States using four different methods and apply econometric panel data techniques to determine what is the response of output and its components to those impulses. We also directly test the effects of fiscal impulses on labor costs and households’...
Persistent link: https://www.econbiz.de/10011259290
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Causal relationship between wages and prices in UK: VECM analysis and Granger causality testing
Josheski, Dushko; Lazarov, Darko; Fotov, Risto; … - Volkswirtschaftliche Fakultät, … - 2011
In this paper the issue of causality between wages and prices in UK has been tested. OLS relationship between prices and wages is positive; productivity is not significant in determination of prices or wages too. These variables from these statistics we can see that are stationary at 1 lag, i.e....
Persistent link: https://www.econbiz.de/10009325634
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Internet search behavior as an economic forecasting tool: The case of inflation expectations
Guzman, Giselle - Volkswirtschaftliche Fakultät, … - 2010
This paper proposes a measure of real-time inflation expectations based on metadata, i.e., data about data, constructed from internet search queries performed on the search engine Google. The forecasting performance of the Google Inflation Search Index (GISI) is assessed relative to 37 other...
Persistent link: https://www.econbiz.de/10009647210
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Legea lui Okun pentru România în perioada 1992-2004
TURTUREAN, Ciprian Ionel - Volkswirtschaftliche Fakultät, … - 2007
In this article the author examines, based on the inflation rate and unemployment rate registered in Romania during 1993-2004, how to show Okun's Law. Results consist of two distinct models explaining the dependency between the GDP’s growth rate of and the unemployment rate’s growth and vice...
Persistent link: https://www.econbiz.de/10005837364
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Curva de Phillips y la Tasa Natural de Desempleo. Una aproximación simple para el Perú. (1993 - 2006)
Salazar, Eduardo - Volkswirtschaftliche Fakultät, … - 2008
This work tries to explain, by means of Phillips's curve (in a simple model), the relation that exists between inflation and rate of unemployment in the period from 1993 to 2006, in addition estimates the natural rate of unemployment for the above mentioned period, here evidence appears in...
Persistent link: https://www.econbiz.de/10005619906
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On wage formation, wage flexibility and wage coordination : A focus on the wage impact of productivity in Germany, Greece, Ireland, Portugal, Spain and the United States
Peeters, Marga; Den Reijer, Ard - Volkswirtschaftliche Fakultät, … - 2011
This paper discusses the endeavours of policy makers to come to some degree of wage coordination among EU countries, aiming at aligning wage growth with labour productivity growth at the national levels. In this context, we analyse the wage and productivity developments in Germany, the European...
Persistent link: https://www.econbiz.de/10009151114