Hysteresis in Unemployment: Evidence from Latin America

Matias Mednik, Cesar Rodriguez and Inder Ruprah ()

No 2902, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the series, and allows for cross section dependence and a different number of endogenously determined structural breakpoints. The findings give support to the hysteric dynamic hypothesis for the majority of the countries analyzed. The implications of the results have ramifications regarding macro-stabilization, structural reform, and the design of social safety protection.

Keywords: WP-04/08 (search for similar items in EconPapers)
JEL-codes: C22 C23 E24 J24 J60 (search for similar items in EconPapers)
Date: 2008-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Hysteresis in unemployment: Evidence from Latin America (2012)
Working Paper: Hysteresis in Unemployment:Evidence from Latin America (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:2902

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