Unemployment hysteresis in the US and the EU : a panel data approach

Miguel A. León-Ledesma

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.

Year of publication:	June 2000
Authors:	León-Ledesma, Miguel A.
Publisher:	[Canterbury] : [University of Kent, Department of Economics]
Subject:	Unemployment Hysteresis \| Unit Roots \| Panel Tests \| Arbeitslosigkeit \| Unemployment \| Hysterese \| Hysteresis \| Vergleich \| Comparison \| Panel \| Panel study \| USA \| United States \| EU-Staaten \| EU countries \| 1985-1999

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