Unemployment Hysteresis in the US and the EU: a Panel Data Approach

This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test for unemployment hysteresis in the US states and the EU countries against the alternative of a natural rate. The results show that hysteresis for the EU and the natural rate for the US states are the most plausible hypotheses.

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Year of publication:	2000-06
Authors:	León-Ledesma, Miguel A.
Institutions:	School of Economics, University of Kent
Subject:	Unemployment Hysteresis \| Unit Roots \| Panel Tests

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Extent:	application/pdf
Series:	Studies in Economics. - ISSN 1466-0814.
Type of publication:	Book / Working Paper
Language:	English
Classification:	E24 - Employment; Unemployment; Wages ; C22 - Time-Series Models ; C23 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005404332