Unemployment Hysteresis in Transition Countries: Evidence using Stationarity Panel Tests with Breaks
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Other documents of the author: Camarero, Mariam; Carrion-i-Silvestre, Josep Lluís; Tamarit, Cecilio
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comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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Title
Unemployment Hysteresis in Transition Countries: Evidence using Stationarity Panel Tests with BreaksDate
2008Publisher
Wiley-BlackwellISSN
13636669Type
info:eu-repo/semantics/articleSubject
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, ... [+]
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. [-]
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info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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