Hysteresis in unemployment: empirical evidence from Taiwan's region data based on panel unit root tests

In this study, we test the hysteresis hypothesis in unemployment for Taiwan's 21 regional data sets using the Levin et al. (2002), Im et al. (2003) and Taylor and Sarno (1998) panel-based unit root tests for the June 1993 to September 2001 period. The results from all three tests provide evidence that based on Taiwan's regional unemployment data the hysteresis hypothesis can justifiably be rejected.

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Year of publication:	2007
Authors:	Chang, Tsangyao ; Yang, Ming Jing ; Liao, Hui-Chin ; Lee, Chia-Hao
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 39.2007, 10, p. 1335-1340
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005640415