REVISITING HYSTERESIS IN UNEMPLOYMENT FOR TEN EUROPEAN COUNTRIES: AN EMPIRICAL NOTE ON A MORE POWERFUL NONLINEAR (LOGISTIC) UNIT ROOT

Tsangyao Chang, Yuan-Hong Ho () and Chung-Ju Huang
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Yuan-Hong Ho: Department of Public Finance, Feng Chia University
Chung-Ju Huang: Department of Public Finance, Feng Chia University

Journal of Economic Development, 2007, vol. 32, issue 1, 49-57

Abstract: In this empirical note we use a more powerful nonlinear (logistic) unit root test advanced by Leybourne et al. (1998) to investigate the hysteresis in unemployment for ten European countries for the period 1961-2003. The hypothesis is confirmed for all the European countries for which Leybourne et al.¡¯s (1998) nonlinear (logistic) unit root test is performed, except for Belgium and the UK.

Keywords: Hysteresis in Unemployment; European Countries; Logistic Unit Root Tests (search for similar items in EconPapers)
JEL-codes: C22 C23 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:32:y:2007:i:1:p:49-57

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