Bayat, Tayfur; Kayhan, Selim; Kocyigit, Ali - In: Business and Economics Research Journal 4 (2013) 2, pp. 79-79
In this study, asymmetric behavior of unemployment rate is investigated between years 1923 and 2011. In this regard, we employ linear unit root tests and Markov Switching model. According to unit root test results, unemployment rate data is not stationary in level, while the first difference of...