An empirical analysis of unemployment hysteresis and natural rate hypothesis for the developed and developing countries
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Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Hazine ve Maliye Bakanlığı
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study tests the validity of the hysteresis of unemployment rate for 37 developed and developing countries over the period 1993-2016 using the Sequential Panel Selection Method (SPSM) among nonlinear panel unit root tests and a nonlinear panel unit root test developed by Ucar and Omay (2009) with a Fourier function. According to the test results, 37 developed and developing countries are in a stationary process. The Panel KSS unit root tests with a Fourier function have shown long-term evidence in favour of 37 countries. According to the results of the analysis, it is concluded that the unemployment series are stable in all countries. This result is important in terms of the determination of long-term analysis in developed and developing countries.
Açıklama
Anahtar Kelimeler
Unemployment Hysteresis, Natural Rate Hypothesis, Sequential Panel Selection Method, Panel KSS Unit Root Test
Kaynak
Maliye Dergisi
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
176
Sayı
-
