An empirical analysis of unemployment hysteresis and natural rate hypothesis for the developed and developing countries

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dc.contributor.authorBolat, Süleyman
dc.contributor.authorKoçbulut, Özgür
dc.date.accessioned2020-02-26T07:57:58Z
dc.date.available2020-02-26T07:57:58Z
dc.date.issued2019
dc.departmentİktisadi ve İdari Bilimler Fakültesi
dc.description.abstractThis 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.
dc.identifier.endpage224en_US
dc.identifier.issue-en_US
dc.identifier.startpage201en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12451/7331
dc.identifier.volume176en_US
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherHazine ve Maliye Bakanlığı
dc.relation.ispartofMaliye Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectUnemployment Hysteresis
dc.subjectNatural Rate Hypothesis
dc.subjectSequential Panel Selection Method
dc.subjectPanel KSS Unit Root Test
dc.titleAn empirical analysis of unemployment hysteresis and natural rate hypothesis for the developed and developing countries
dc.typeArticle

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