search query: @author Wu, Y. / total: 13
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| Author: | Song, F. Wu, Y. |
| Title: | Hysteresis in unemployment: evidence from OECD countries |
| Journal: | Quarterly Review of Economics and Finance
1998 : VOL. 38:2, p. 181-192 |
| Index terms: | HYSTERESIS UNEMPLOYMENT OECD |
| Language: | eng |
| Abstract: | Existing studies using standard unit-root tests generally cannot reject the null hypothesis of a unit root in unemployment rates. These findings have been interpreted as support for the hysteresis hypothesis. In this paper, the authors analyze a panel of unemployment rates of 15 OECD countries by using a panel-based test. The test exploits the cross-section variations of the constituent series and is more powerful. |
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