An examination of hysteresis hypothesis on natural rate of unemployment in the case of Turkey

Yakup Kucukkale ()

Labor and Demography from EconWPA

Abstract: In this study, the Hysteresis Hypothesis that assumes the natural rate of unemployment follows the last period’s realised unemployment was examined for the Turkish case by using annual data for the period of 1950-1995. The technique used in this study is the Kalman – Filter that is using as an influential technique to estimate the parameters of time varying regressions. Obtaining results show that the hypothesis is valid for the Turkish case in sample period. But, this quite weak validity needs additional explanatory variables to prove hypothesis completely.

Keywords: hysteresis; kalman; filter; unemployment (search for similar items in EconPapers)
JEL-codes: J64 J68 (search for similar items in EconPapers)
Date: 2002-11-18
Note: Type of Document - Word (PC); prepared on PC; to print on A4;
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpla:0211003

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