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:	2001
Authors:	Leon-Ledesma, Miguel A.
Publisher:	[S.l.] : SSRN
Subject:	Arbeitslosigkeit \| Unemployment \| Panel \| Panel study \| Hysterese \| Hysteresis \| EU-Staaten \| EU countries \| Vergleich \| Comparison

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Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 2000 erstellt
Other identifiers:	10.2139/ssrn.254108 [DOI]
Classification:	E24 - Employment; Unemployment; Wages ; C22 - Time-Series Models ; C23 - Models with Panel Data
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014139569