HYSTERESIS IN UNEMPLOYMENT REVISITED: EVIDENCE FROM PANEL LM UNIT ROOT TESTS WITH HETEROGENEOUS STRU...
HYSTERESIS IN UNEMPLOYMENT REVISITED: EVIDENCE FROM PANEL LM UNIT ROOT TESTS WITH HETEROGENEOUS STRUCTURAL BREAKS
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Oxford, UK: Blackwell Publishing Ltd
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English
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Oxford, UK: Blackwell Publishing Ltd
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ABSTRACT
This paper applies the panel LM unit root tests with heterogeneous structural breaks in level by Im et al. (Oxford Bulletin of Economics and Statistics, 67 (2005), pp. 393–419) to re‐examine the validity of hysteresis in the unemployment rates of 19 OECD countries. Our empirical findings are favourable to the stationarity of the unemplo...
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HYSTERESIS IN UNEMPLOYMENT REVISITED: EVIDENCE FROM PANEL LM UNIT ROOT TESTS WITH HETEROGENEOUS STRUCTURAL BREAKS
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TN_cdi_proquest_miscellaneous_37216326
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_37216326
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ISSN
0307-3378
E-ISSN
1467-8586
DOI
10.1111/j.1467-8586.2008.00287.x
