León-Ledesma, Miguel A.; McAdam, Peter - In: Scottish Journal of Political Economy 51 (2004) 3, pp. 377-401
In this paper, we quantify the degree of persistence in the unemployment rates of transition countries using a variety of methods benchmarked against the EU. Initially, we work with the concept of linear 'Hysteresis' as described by the presence of unit roots in unemployment as in most empirical...