Open AccessRevisiting Hysteresis in Unemployment for Ten European Countries : An Empirical Note on a More Powerful Nonlinear(LOGISTIC) Unit Root
Author(s) -
Tsangyao Chang,
Chung-Ju Huang,
Yuan-Hong Ho
Publication year - 2007
Publication title -
journal of economic development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.178
H-Index - 3
eISSN - 2636-0578
pISSN - 0254-8372
DOI - 10.35866/caujed.2007.32.1.004
Subject(s) - unit root , economics , hysteresis , unemployment , nonlinear system , econometrics , root (linguistics) , unit (ring theory) , demographic economics , keynesian economics , macroeconomics , mathematics , physics , quantum mechanics , philosophy , linguistics , mathematics education
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.i¯s (1998) nonlinear (logistic) unit root test is performed, except for Belgium and the UK.
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