Tiwari, Aviral Kumar; Mutascu, Mihai - In: Review of Economic Perspectives 14 (2015) 4, pp. 411-426
The purpose of this paper is to test hysteresis of the Romanian labour force participation rate, by using time series data, with quarterly frequency, covering the period 1999Q1-2013Q4. The main results reveal that the Romanian labour force participation rate is a nonlinear process and has a...