Leon-Ledesma, M.A. (2002) Unemployment Hysteresis in the US States and the EU: a Panel Approach. Bulletin of Economic Research, 54 (2). pp. 95-103. ISSN 0307-3378.
This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test for unemployment hysteresis in the US states and the EU countries against the alternative of a natural rate. The results show that hysteresis for the EU and the natural rate for the US states are the most plausible hypotheses.
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculties > Social Sciences > School of Economics|
|Depositing User:||Miguel Leon-Ledesma|
|Date Deposited:||14 Sep 2008 17:08|
|Last Modified:||14 Jan 2010 14:23|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/6290 (The current URI for this page, for reference purposes)|
- Depositors only (login required):