Theoretical and Applied Economics
No. 4 / 2019 (621), Winter
Unemployment hysteresis analysis for OECD countries
Kırklareli University, Turkey
Abstract. Unemployment is one of the main problems of many developed and developing countries. The two concepts used to examine the structure of unemployment are unemployment hysteresis and natural unemployment rate. The aim of this study is to investigate the validity of the unemployment hysteresis in 32 OECD countries for the period January 2005 - July 2017. The nonlinear unit root test by Kruse (2011) and the test by Güriş (2018) that take into consideration structural breaks and nonlinearity were used in the analyses. The findings indicate that the unemployment hysteresis in the OECD countries is generally valid according to both test results.
Keywords: unemployment, unemployment hysteresis, nonlinear unit root test, OECD countries.
Contents
- Expanding the Eurozone. The stage of economic convergence
for Bulgaria, Czech Republic, Croatia, Hungary,
Poland and Romania
Iulian Nicolae VASILOIU
- Volatility experience of major world stock markets
M. MALLIKARJUNA
R. Prabhakara RAO
- Unemployment hysteresis analysis for OECD countries
Muhammed TIRAŞOĞLU
- Culture as a driving factor for foreign direct investments
in the Western Development Region of Romania
Norbert FÖLDI
- A Deep Neural Network (DNN) based classification model
in application to loan default prediction
Selçuk BAYRACI
Orkun SUSUZ
- The new Keynesian Phillips Curve.
Implications. Strengths and weaknesses
Rareș-Petru MIHALACHE
Dumitru Alexandru BODISLAV
- Corporate ownership structure and performance:
An enquiry into India
Pradiptarathi PANDA
Jinesh PANCHALI
- Turkey’s macroeconomic policy challenges
in the aftermath of the 2018 crisis:
A sectoral financial balances analysis
Sashi SIVRAMKRISHNA
Dhruva Teja NANDIPATI
- Main aspects on the nature of dynamic models
Constantin ANGHELACHE
Dana Luiza GRIGORESCU
Oana BÎRSAN
- An analyses model
of the Romanian privately managed pension system
Dragoș Alexandru HAȘEGAN
- Dynamic models used in analysis capital and population
Mădălina-Gabriela ANGHEL
Ștefan Virgil IACOB
Gabriel-Ștefan DUMBRAVĂ
Marius POPOVICI
- Poverty rate determinants
in the Central and Eastern Europe member states
Maria-Daniela TUDORACHE
- Wagner versus Keynesian Hypothesis:
Role of aggregate and disaggregate expenditure in Pakistan
Kashif MUNIR
Wajid ALI
- GARCH based VaR estimation:
An empirical evidence from BRICS stock markets
Siva Kiran GUPTHA. K
Prabhakar RAO. R
- Does FDI substitute exports of home country?
A case of US FDI in select Asian economies
Ketan C. LIMAYE
Achut P. PEDNEKAR
- Exploring the role of institutions
in cross country Malmquist productivity analysis:
A two-stage double bootstrap DEA approach
Danish Ahmed SIDDIQUI
Qazi Masood AHMED
- The validity of Okun’s Law:
Evidences from Indian economy
Tariq Ahmad BHAT
Tariq Ahmad LONE
Towseef Mohi Ud DIN