Showing 1 - 10 of 3,366
this study, we investigate the hysteresis hypothesis for 8 categories of unemployment in South Africa using a battery of … 2017:q2. Indeed our empirical results confirm the hysteresis hypothesis for a majority of unemployment classifications with …
Persistent link: https://www.econbiz.de/10015258926
Unemployment hysteresis of the Middle East and North African (MENA) countries is investigated under a battery of unit … approach quite appealing. It has, however, been scarcely applied to empirically test unemployment hysteresis hypothesis …. Although we find conflicting stances from ADF, FADF and ADF-SB testing frameworks, evidence of unemployment hysteresis effect …
Persistent link: https://www.econbiz.de/10015254688
In this study, we attempted the assessment of the validity of the Philip’s curve hypothesis in the Sub-Saharan African region. We employed a panel data technique of analysis, drawing data from twenty-nine countries in the region. The data spanned 24 years (1991 to 2015). The annual data for...
Persistent link: https://www.econbiz.de/10015257898
The present research provides evidence on the determinants driving the differences in the unemployment-output relationship in Spanish regions. We followed a two-step approach. First, we estimated a set of time-varying Okun’s coefficients (rolling-window) for the autonomous communities in Spain...
Persistent link: https://www.econbiz.de/10015258612
Employment to production intensity or elasticity is used as indicator for employment. The aim of this paper is to provide new estimates of this indicator by rolling regression and assess the effect of structural policies, macroeocnomic policies, and demographic factors on it. Using an unbalanced...
Persistent link: https://www.econbiz.de/10015266676
This study tests the hysteresis hypothesis of unemployment in fourteen OECD countries by examining the stationarity of … unemployment rates using several panel unit root tests. Empirical results show that the hysteresis hypothesis cannot be rejected … consider the cross-country labor markets interdependence when testing the hysteresis hypothesis as the labor market …
Persistent link: https://www.econbiz.de/10015266870
Employment to production intensity or elasticity is used as indicator for employment. The aim of this paper is to provide new estimates of this indicator by rolling regression and assess the effect of structural policies, macroeocnomic policies, and demographic factors on it. Using an unbalanced...
Persistent link: https://www.econbiz.de/10015331477
The lead-lag relation between the unemployment rate and GDP per capita in a country remains unresolved. Okun's original work states that a one‐percentage point reduction in the unemployment rate would produce approximately 3% more output. But that may not be true at all stages of growth in an...
Persistent link: https://www.econbiz.de/10015216176
The paper explores the existence and the stability of Phillips curve for North Cyprus, a small developing economy, using time series data. ADF unit root test is employed to check for stationarity. ARDL and DOLS approaches to cointegration have been used to explore the long run relation and ECM...
Persistent link: https://www.econbiz.de/10015225377
This paper discusses the endeavours of policy makers to come to some degree of wage coordination among EU countries, aiming at aligning wage growth with labour productivity growth at the national levels. In this context, we analyse the wage and productivity developments in Germany, the European...
Persistent link: https://www.econbiz.de/10015227002