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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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Are Labor Force Participation Rates Really Non-Stationary? Evidence from Three OECD Countries
Ozdemir, Zeynel; A.; Balcilar, Mehmet; Tansel, Aysit - Volkswirtschaftliche Fakultät, … - 2012
This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally...
Persistent link: https://www.econbiz.de/10011107511
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Re-evaluating Okun's law in South Africa: A nonlinear co-integration approach
Phiri, Andrew - Volkswirtschaftliche Fakultät, … - 2014
This study undertakes an examination of asymmetric co-integration adjustment in Okun’s law for South Africa between the periods of 2000-2013. This objective is tackled through the use of momentum threshold autoregressive (MTAR) econometric framework. Contrary to conventional theory, the...
Persistent link: https://www.econbiz.de/10011111741
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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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Etimating NAIRU: the Morocco case
El Alaoui, Aicha; Ezzahidi, Elhadj; Eladnani, Mohamed Jellal - Volkswirtschaftliche Fakultät, … - 2013
The concept of NAIRU summarized the observed negative correlation between the unemployment rate and the inflation rate for a number of countries. This correlation persuaded some analysts of the impossibility for governments to simultaneously target both low unemployment and price stability....
Persistent link: https://www.econbiz.de/10011112751
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Hysteresis in European labour market
Furuoka, Fumitaka - Volkswirtschaftliche Fakultät, … - 2014
This paper revisits the hysteresis and unemployment problem in Europe by using new data and some innovative methods …. Blanchard and Summers are among first researchers to detect the existence of unemployment hysteresis and to attribute the … hysteresis effects to the European unemployment problem (Blanchard and Summers, 1986). Despite numerous empirical inquiries on …
Persistent link: https://www.econbiz.de/10011113852
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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