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The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data

Year 2017, Volume: 7 Issue: 1, 414 - 419, 01.03.2017

Mercy Laita Palamuleni

https://izlik.org/JA29HF78SH

Abstract

We explore the long-run relationship between the unemployment rate and the labor force participation rates for U.S. over the period of 1976-2015. We
use U.S. state level data and panel cointegration techniques that are robust to cross-sectional heterogeneity, cross-sectional dependency, omitted variable
bias and endogeniety issues. We find evidence that on average these two variables are cointegrated and are inversely related. Similar to studies that
employ U.S. country level data, this study further questions the empirical relevance of the unemployment invariant hypothesis for the case of the U.S.

Keywords

Unemployment rate Unemployment invariant hypothesis panel cointegration

Year 2017, Volume: 7 Issue: 1, 414 - 419, 01.03.2017

Mercy Laita Palamuleni

https://izlik.org/JA29HF78SH

Abstract

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Details

Other ID JA39UK78JH
Authors

Mercy Laita Palamuleni This is me

Publication Date March 1, 2017
IZ https://izlik.org/JA29HF78SH
Published in Issue Year 2017 Volume: 7 Issue: 1

Cite

APA Palamuleni, M. L. (2017). The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data. International Journal of Economics and Financial Issues, 7(1), 414-419. https://izlik.org/JA29HF78SH
AMA 1.Palamuleni ML. The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data. IJEFI. 2017;7(1):414-419. https://izlik.org/JA29HF78SH
Chicago Palamuleni, Mercy Laita. 2017. “The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data”. International Journal of Economics and Financial Issues 7 (1): 414-19. https://izlik.org/JA29HF78SH.
EndNote Palamuleni ML (March 1, 2017) The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data. International Journal of Economics and Financial Issues 7 1 414–419.
IEEE [1]M. L. Palamuleni, “The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data”, IJEFI, vol. 7, no. 1, pp. 414–419, Mar. 2017, [Online]. Available: https://izlik.org/JA29HF78SH
ISNAD Palamuleni, Mercy Laita. “The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data”. International Journal of Economics and Financial Issues 7/1 (March 1, 2017): 414-419. https://izlik.org/JA29HF78SH.
JAMA 1.Palamuleni ML. The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data. IJEFI. 2017;7:414–419.
MLA Palamuleni, Mercy Laita. “The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data”. International Journal of Economics and Financial Issues, vol. 7, no. 1, Mar. 2017, pp. 414-9, https://izlik.org/JA29HF78SH.
Vancouver 1.Mercy Laita Palamuleni. The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data. IJEFI [Internet]. 2017 Mar. 1;7(1):414-9. Available from: https://izlik.org/JA29HF78SH