Does Hysteresis in Unemployment Occur in OECD Countries? Evidence from Parametric and Non-Parametric Panel Unit Roots Tests

Does Hysteresis in Unemployment Occur in OECD Countries? Evidence from Parametric and Non-Parametric Panel Unit Roots Tests

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 for majority of the OECD when the tests are conducte...

Full description

Bibliographic Details
Main Authors: Liew, Venus Khim-Sen, Puah, Chin-Hong, Chia, Ricky Chee-Jiun
Format: Article
Language:English
Published: Munich Personal RePEc Archive 2009
Subjects:
AC Collections. Series. Collected works
Online Access:http://ir.unimas.my/id/eprint/3075/
http://ir.unimas.my/id/eprint/3075/1/Venus.pdf

Similar Items

Similar Items