Unemployment hysteresis in EU countries: what do we really know about it?

Dimitris K. Christopoulos and Miguel A. León‐Ledesma
Authors registered in the RePEc Author Service: Miguel Leon-Ledesma

Journal of Economic Studies, 2007, vol. 34, issue 2, 80-89

Abstract: Purpose - The paper aims to re‐examine the stationarity properties of unemployment rates in 12 European Union (EU) countries over the period 1988: I‐1999: IV. Design/methodology/approach - This paper applies a battery of second‐generation panel unit root tests that allow for cross‐sectional correlation. Findings - The study shows that, contrary to previous empirical literature, hysteresis does not characterise EU unemployment. Originality/value - This paper uses recent advances in the econometrics of panel unit root tests. The new tests have more power than the traditional ones in detecting the null hypothesis of a unit root.

Keywords: Unemployment; Business cycles; European Union (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (29)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jespps:v:34:y:2007:i:2:p:80-89

DOI: 10.1108/01443580710745353

Access Statistics for this article

Journal of Economic Studies is currently edited by Prof Mohsen Bahmani-Oskooee

More articles in Journal of Economic Studies from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().