Unemployment hysteresis analysis for OECD countries

Unemployment hysteresis analysis for OECD countries

Unemployment is one of the main problems of many developed and developing countries. The two concepts used to examine the structure of unemployment are unemployment hysteresis and natural unemployment rate. The aim of this study is to investigate the validity of the unemployment hysteresis in 32 OEC...

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Bibliographic Details
Main Author: Muhammed TIRAŞOĞLU
Format: Article
Language:English
Published: General Association of Economists from Romania 2019-12-01
Series:Theoretical and Applied Economics
Subjects:
unemployment
unemployment hysteresis
nonlinear unit root test
oecd countries
Online Access: http://store.ectap.ro/articole/1419.pdf
Description
Summary:Unemployment is one of the main problems of many developed and developing countries. The two concepts used to examine the structure of unemployment are unemployment hysteresis and natural unemployment rate. The aim of this study is to investigate the validity of the unemployment hysteresis in 32 OECD countries for the period January 2005 - July 2017. The nonlinear unit root test by Kruse (2011) and the test by Güriş (2018) that take into consideration structural breaks and nonlinearity were used in the analyses. The findings indicate that the unemployment hysteresis in the OECD countries is generally valid according to both test results.
ISSN:1841-8678
1844-0029

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