Testing Unemployment Persistence in Central and Eastern European Countries

Volume: 3 Number: 3 September 1, 2013
  • Giray Gozgor
EN

Testing Unemployment Persistence in Central and Eastern European Countries

Abstract

This study investigates whether stochastic properties of the unemployment rate in ten Central and Eastern European Countries (CEE) countries: Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia can be explained by the non-accelerating inflation rate of unemployment or the hysteresis hypotheses. We primarily show the cross-sectional dependence in unemployment rates, and then apply panel-based unit root tests that take cross-section dependence into account. The empirical findings indicate that there is no mean-reverting process in unemployment rates for ten CEE countries. Thus the results provide evidences for validity of the hysteresis hypothesis—unemployment persistence—in related CEE countries.

Keywords

Details

Primary Language

English

Subjects

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Journal Section

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Authors

Giray Gozgor This is me

Publication Date

September 1, 2013

Submission Date

September 1, 2013

Acceptance Date

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Published in Issue

Year 2013 Volume: 3 Number: 3

APA
Gozgor, G. (2013). Testing Unemployment Persistence in Central and Eastern European Countries. International Journal of Economics and Financial Issues, 3(3), 694-700. https://izlik.org/JA69CG93BB
AMA
1.Gozgor G. Testing Unemployment Persistence in Central and Eastern European Countries. IJEFI. 2013;3(3):694-700. https://izlik.org/JA69CG93BB
Chicago
Gozgor, Giray. 2013. “Testing Unemployment Persistence in Central and Eastern European Countries”. International Journal of Economics and Financial Issues 3 (3): 694-700. https://izlik.org/JA69CG93BB.
EndNote
Gozgor G (September 1, 2013) Testing Unemployment Persistence in Central and Eastern European Countries. International Journal of Economics and Financial Issues 3 3 694–700.
IEEE
[1]G. Gozgor, “Testing Unemployment Persistence in Central and Eastern European Countries”, IJEFI, vol. 3, no. 3, pp. 694–700, Sept. 2013, [Online]. Available: https://izlik.org/JA69CG93BB
ISNAD
Gozgor, Giray. “Testing Unemployment Persistence in Central and Eastern European Countries”. International Journal of Economics and Financial Issues 3/3 (September 1, 2013): 694-700. https://izlik.org/JA69CG93BB.
JAMA
1.Gozgor G. Testing Unemployment Persistence in Central and Eastern European Countries. IJEFI. 2013;3:694–700.
MLA
Gozgor, Giray. “Testing Unemployment Persistence in Central and Eastern European Countries”. International Journal of Economics and Financial Issues, vol. 3, no. 3, Sept. 2013, pp. 694-00, https://izlik.org/JA69CG93BB.
Vancouver
1.Giray Gozgor. Testing Unemployment Persistence in Central and Eastern European Countries. IJEFI [Internet]. 2013 Sep. 1;3(3):694-700. Available from: https://izlik.org/JA69CG93BB