Short Note on the Unemployment Rate of the “French overseas regions”

Jean-François Hoarau, Claude Lopez and Michel Paul (michel.paul@univ-reunion.fr)
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Michel Paul: CEMOI, University of La Reunion

Economics Bulletin, 2010, vol. 30, issue 3, 2321-2329

Abstract: This article analyzes the hysteresis hypothesis in the unemployment rates of the four “French overseas regions” (Guadeloupe, Martinique, Guyana, Reunion) [FORs] over the period 1993-2008. We use standard univariate and panel unit root tests, among them Choi (2006) and Lopez (2009) that account for cross-sectional dependence and have improved performance when the number of countries and the time dimension of the data are limited. Our results cannot reject the null hypothesis of a unit root and so find evidence supporting hysteresis in the unemployment rates for the FORs.

Keywords: Hysteresis; Unemployment; Panel unit root test; cross-section dependence; convergence (search for similar items in EconPapers)
JEL-codes: C2 E2 (search for similar items in EconPapers)
Date: 2010-09-02
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Short Note on the Unemployment Rate of the French Overseas Regions (2011)
Working Paper: Short Note on the Unemployment Rate of the French Overseas Regions (2011)
Working Paper: Short Note on the Unemployment Rate of the French Overseas Regions (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-10-00293

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