Hysteresis in Unemployment for G-7 Countries: Threshold Unit Root Test

Tsangyao Chang and Chia-Hao Lee

Journal for Economic Forecasting, 2011, issue 4, 5-14

Abstract: In this empirical study, we apply the threshold unit root test proposed by Caner and Hansen (2001) to re-examine the hysteresis hypothesis in unemployment for G-7 countries over the period 1992M1 to 2008M9. The hysteresis in unemployment is confirmed for three countries, namely France, Germany and Italy when Caner and Hansen’s (2001) threshold unit root test is conducted.

Keywords: hysteresis in unemployment; G-7 countries; Threshold Unit Root Test (search for similar items in EconPapers)
JEL-codes: C22 E24 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.ipe.ro/rjef/rjef4_11/rjef4_2011p5-14.pdf

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:rjr:romjef:v::y:2011:i:4:p:5-14

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman (rjef@ipe.ro this e-mail address is bad, please contact repec@repec.org).