The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data
We explore the long-run relationship between the unemployment rate and the labor force participation rates for U.S. over the period of 1976-2015. We use U.S. state level data and panel cointegration techniques that are robust to cross-sectional heterogeneity, cross-sectional dependency, omitted var...
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| Format: | Article |
| Language: | English |
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EconJournals
2017-03-01
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| Series: | International Journal of Economics and Financial Issues |
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| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32002/353213?publisher=http-www-cag-edu-tr-ilhan-ozturk |