A new test for analysing hysteresis in European unemployment

This article proposes a new unit root test to analyse unemployment hysteresis. The test is able to incorporate cross-sectional dependence, unattended nonlinearity and unknown structural breaks in the time-series data. This study used data on unemployment in five European countries. The findings indi...

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Detalhes bibliográficos
Autor principal: Furuoka, F.
Formato: Artigo
Publicado em: Taylor & Francis 2017
Assuntos: