Hysteresis vs. Natural rate of unemployment: One, the other, or both?

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dc.contributor.authorKula F.
dc.contributor.authorAslan A.
dc.date.accessioned2019-08-01T13:38:39Z
dc.date.available2019-08-01T13:38:39Z
dc.date.issued2010
dc.departmentNiğde ÖHÜ
dc.description.abstractThis paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates by education level in 17 OECD countries. To this end, for an unbalanced panel, we employed Pesaran's Cross-Sectional Dependence (CD) and Cross-Sectionally Augmented ADF (CADF) tests. Our empirical findings provide evidence favorable to the non-stationarity of unemployment rates according to levels of primary and secondary education attainment in total unemployment, and therefore the existence of hysteresis for these levels of education. There is no evidence, however, of hysteresis for unemployment rates by tertiary education.
dc.identifier.doi10.2478/v10033-010-0009-0
dc.identifier.endpage94
dc.identifier.issn1840118X
dc.identifier.issue1
dc.identifier.scopus2-s2.0-79958805050
dc.identifier.scopusqualityN/A
dc.identifier.startpage91
dc.identifier.urihttps://dx.doi.org/10.2478/v10033-010-0009-0
dc.identifier.urihttps://hdl.handle.net/11480/1034
dc.identifier.volume5
dc.identifier.wosWOS:000420156400009
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthor[0-Belirlenecek]
dc.language.isoen
dc.publisherSchool of Economics and Business in Sarajevo
dc.relation.ispartofSouth East European Journal of Economics and Business
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCross-Sectional Dependence
dc.subjectHysteresis
dc.subjectUnit Root
dc.titleHysteresis vs. Natural rate of unemployment: One, the other, or both?
dc.typeArticle

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