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Short Note on the Unemployment Rate of the French Overseas Regions

Jean-François Hoarau, Claude Lopez and Michel Paul ()

University of Cincinnati, Economics Working Papers Series from University of Cincinnati, Department of Economics

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.

Date: 2009
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ftp://repec.stlouisfed.org/pub/RePEc/cin/ucecwp/2009-3.pdf (application/pdf)

Related works:
Working Paper: Short Note on the Unemployment Rate of the French Overseas Regions (2011) Downloads
Working Paper: Short Note on the Unemployment Rate of the French Overseas Regions (2011)
Journal Article: Short Note on the Unemployment Rate of the “French overseas regions” (2010) Downloads
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