Hysteresis hypothesis vs. structuralist view in Canada: a new test for the sharp break and smooth shift

dc.contributor.authorBolat, Süleyman
dc.contributor.authorBelke, Murat
dc.contributor.authorOmay, Tolga
dc.date.accessioned2021-07-07T10:30:27Z
dc.date.available2021-07-07T10:30:27Z
dc.date.issued2021
dc.departmentİktisadi ve İdari Bilimler Fakültesi
dc.description.abstractWe have investigated the hysteresis hypothesis using a newly proposed unit root test which considers both sharp breaks and smooth shifts in its testing process for Canada during the period 1960-2019 in this study. The so-called unit root test allows researchers control for sharp breaks such as crises, smooth shifts such as nonlinearities, simultaneously. In proposing this highly complex trend structure, we are also proposing a new way for the macroeconomic theorist to model the unemployment rate following the structuralist view. It takes into account the structural breaks and possible nonlinearities as form of smooth shifts which leads to a new form of structuralist view. The empirical results display that the unemployment rates in Canada follow a non-hysteresis path under the presence of sharp and smooth structural breaks.
dc.identifier.doi10.24818/18423264/55.2.21.06
dc.identifier.endpage108en_US
dc.identifier.issue2en_US
dc.identifier.scopusqualityQ3
dc.identifier.startpage99en_US
dc.identifier.urihttps:/dx.doi.org/10.24818/18423264/55.2.21.06
dc.identifier.urihttps://hdl.handle.net/20.500.12451/8361
dc.identifier.volume55en_US
dc.identifier.wosWOS:000661631600006
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherAcademy of Economic Studies
dc.relation.ispartofEconomic Computation and Economic Cybernetics Studies and Research
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectUnemployment
dc.subjectHysteresis
dc.subjectUnit Root Test
dc.subjectSharp and Smooth Break
dc.titleHysteresis hypothesis vs. structuralist view in Canada: a new test for the sharp break and smooth shift
dc.typeArticle

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