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
Authors:	León-Ledesma, Miguel A.
Publisher:	Canterbury : University of Kent, Department of Economics
Subject:	Arbeitslosigkeit \| Hysteresis \| Vergleich \| Panelforschung \| USA \| EU-Staaten \| Unemployment Hysteresis \| Unit Roots \| Panel Tests

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Series:	Department of Economics Discussion Paper ; 0006
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	867786639 [GVK] hdl:10419/105545 [Handle] RePEc:ukc:ukcedp:0006 [RePEc]
Classification:	E24 - Employment; Unemployment; Wages ; C22 - Time-Series Models ; C23 - Models with Panel Data
Source:	EconStor

Persistent link: https://www.econbiz.de/10010443340