Similar Search Results

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

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

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

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

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

Phillips curve in a small open economy: A time series exploration of North Cyprus

Islam, Faridul; Shahbaz, Muhammad; Shabbir, Muhammad - Volkswirtschaftliche Fakultät, … - 2011

The paper explores the existence and the stability of Phillips curve for North Cyprus, a small developing economy, using time series data. ADF unit root test is employed to check for stationarity. ARDL and DOLS approaches to cointegration have been used to explore the long run relation and ECM...

Persistent link: https://www.econbiz.de/10008805480

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

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

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

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