Theoretical and Applied Economics
No. 4 / 2013 (581)
Hysteresis in unemployment: an empirical research for three member states of the European Union
Chaido DRITSAK
Technological Institute of Western Macedonia
Melina DRITSAKI
Brunel University, London
Technological Institute of Western Macedonia
Melina DRITSAKI
Brunel University, London
Abstract. This empirical paper investigates the hysteresis in unemployment in the case of three European countries namely Greece, Ireland and Portugal for the period 1984-2010. This study uses three classical unit-root tests, and a number of panel unit root tests, which are known to overcome specification problems, to check the existence of hysteresis in unemployment data from three European Union countries. The empirical results do not reject a unit root in the unemployment rates. This suggests that the unemployment hysteresis hypothesis exists in all three countries.
Keywords: hysteresis; unemployment rate; panel unit root test.
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Contents
Marin Dinu
- The global crisis: Challenges to the banking system
Ágnes NAGY
Annamária BENYOVSZKI
- Contributions to assessing the relative dimension of agglomeration theories
Ion POHOAŢĂ
Raluca Irina CLIPA
- Hysteresis in unemployment: an empirical research
for three member states of the European Union
Chaido DRITSAK
Melina DRITSAKI
- Need to implement corporate governance
in the Romanian companies
Sorin COSNEANU
Corneliu RUSSU
Vergina CHIRIŢESCU
Leonardo BADEA
- Aspects of labor market flexicurity in the Mediterranean and Anglo-Saxon models
Alina Ştefania CHENIC (CREŢU)
- Impact of economic models on European Union economies development
Cristina BURGHELEA
Corina Maria ENE
Carmen UZLĂU
- Cyclical convergence of Central and Eastern European countries to the Euro area core. New methodological approach
Ileana ALEXE
Oana Cristina POPOVICI
- Models for the analysis of the labor market in Romania
Gabriela TUDOSE
Lavinia Ştefania ŢOŢAN
Silvia Elena CRISTACHE
