Unemployment Hysteresis in the US and the EU: A Panel Data Approach

Name: Unemployment Hysteresis in the US and the EU: A Panel Data Approach
Creator: León-Ledesma, Miguel A.
Keywords: ddc:330, Panelforschung, Hysteresis, 05 social sciences, 1. No poverty, Arbeitslosigkeit, 7. Clean energy, Unemployment Hysteresis, 8. Economic growth, 0502 economics and business

León-Ledesma, Miguel A.

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Article . 2001 . Peer-reviewed

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https://dx.doi.org/10.2139/ssr...

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EconStor

Research . 2000

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Unemployment Hysteresis in the US and the EU: A Panel Data Approach

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Research 01 Jan 2001 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: León-Ledesma, Miguel A.;

doi: 10.2139/ssrn.254108

handle: 10419/105545

Unemployment Hysteresis in the US and the EU: A Panel Data Approach

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Abstract

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.

Related Organizations

University of Kent
United Kingdom

Keywords

ddc:330, Panelforschung, Hysteresis, Arbeitslosigkeit, Unemployment Hysteresis, Panel Tests, Unit Roots, EU-Staaten, E24, Vergleich, C22, USA, C23

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