Unemployment Hysteresis in Transition Countries: Evidence using Stationarity Panel Tests with Breaks

dc.contributor.author	Camarero, Mariam
dc.contributor.author	Carrion-i-Silvestre, Josep Lluís
dc.contributor.author	Tamarit, Cecilio
dc.date.accessioned	2010-09-27T13:04:21Z
dc.date.available	2010-09-27T13:04:21Z
dc.date.issued	2008
dc.identifier.issn	13636669
dc.identifier.uri	http://hdl.handle.net/10234/19093
dc.description.abstract	This paper tests hysteresis e¤ects in unemployment using panel data for Tran- sition Countries covering the period 1992:1-2003:11. The tests exploit the cross- section variations of the series, and additionally, allow for a di¤erent number of endogenous breakpoints in the unemployment series. The critical values are sim- ulated based on our speci c panel sizes and time periods. The ndings stress the importance of accounting for exogenous shocks in the series and give support to the natural-rate hypothesis of unemployment for the majority of the countries analyzed.
dc.format.extent	P. 620-635
dc.language.iso	eng
dc.publisher	Wiley-Blackwell
dc.relation.isPartOfSeries	Review of development economics; 12 (3)
dc.rights.uri	http://rightsstatements.org/vocab/CNE/1.0/	*
dc.subject	Hysteresis
dc.subject	Panel unit root tests
dc.subject	Structural break
dc.subject.other	Histèresi
dc.title	Unemployment Hysteresis in Transition Countries: Evidence using Stationarity Panel Tests with Breaks
dc.type	info:eu-repo/semantics/article
dc.rights.accessRights	info:eu-repo/semantics/openAccess