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Testing Unemployment Persistence in Central and Eastern European Countries

Year 2013, Volume: 3 Issue: 3, 694 - 700, 01.09.2013

Giray Gozgor

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

Unemployment persistence Panel-based unit root tests Cross-section dependence

Year 2013, Volume: 3 Issue: 3, 694 - 700, 01.09.2013

Giray Gozgor

Abstract

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Details

Other ID JA56UY48ZK
Authors

Giray Gozgor This is me

Publication Date September 1, 2013
Published in Issue Year 2013 Volume: 3 Issue: 3

Cite

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.Gozgor G. Testing Unemployment Persistence in Central and Eastern European Countries. IJEFI [Internet]. 2013 Sept. 1;3(3):694-700. Available from: https://izlik.org/JA69CG93BB