This paper applies a set of unit root and cointegration tests with non-linear error-correction mechanisms to a subset … generally find that the unemployment rate, productivity, and real wages have a unit root even if one controls for threshold … effects. This finding justifies the use of a cointegration approach to assess the existence of a long-run equilibrium among …

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. …

This paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates in terms of education … unemployment rates by primary and secondary education attainment in total unemployment, and therefore the existence of hysteresis … while there is no evidence of hysteresis for unemployment rates by tertiary education. …

analyzed in panel SVECM. Identification of shocks, interpreted as real wage, productivity, labor demand and supply shocks, is … demand are controlled for and the model is estimated with panel procedure, which improves estimation's precision. We show … shocks temporarily increase unemployment. Positive labor demand shocks increase employment, depress unemployment, rise real …

A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … and 2004. The relationship is tested for cointegration. All three variables involved in the relationship are proved to be … integrated of order one. Two methods of cointegration testing are used. First is the Engle-Granger approach based on the unit …

, using time series data. ADF unit root test is employed to check for stationarity. ARDL and DOLS approaches to cointegration …

and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … unemployment within the Phillips curve framework. Following the original problem formulation by Fisher and Phillips, the set of … the naive one by a factor of 2 to 3. The relationships for inflation were successfully tested for cointegration. We have …

unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not …

returns and exchange rate are integrated of order one. The Engle–Granger Cointegration test is then performed, suggesting that …