Hysteresis in Unemployment for G-7 Countries: Threshold Unit Root Test

In this empirical study, we apply the threshold unit root test proposed by Caner and Hansen (2001) to re-examine the hysteresis hypothesis in unemployment for G-7 countries over the period 1992M1 to 2008M9. The hysteresis in unemployment is confirmed for three countries, namely France, Germany and Italy when Caner and Hansen’s (2001) threshold unit root test is conducted.

MoreLess

Year of publication:	2011
Authors:	Chang, Tsangyao ; Lee, Chia-Hao
Published in:	Journal for Economic Forecasting. - Institutul de Prognoza Economica. - 2011, 4, p. 5-14
Publisher:	Institutul de Prognoza Economica
Subject:	hysteresis in unemployment \| G-7 countries \| Threshold Unit Root Test

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Type of publication:	Article
Classification:	C22 - Time-Series Models ; E24 - Employment; Unemployment; Wages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010533970