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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
Journal Section Research Article
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.
AMA Gozgor G. Testing Unemployment Persistence in Central and Eastern European Countries. IJEFI. September 2013;3(3):694-700.
Chicago Gozgor, Giray. “Testing Unemployment Persistence in Central and Eastern European Countries”. International Journal of Economics and Financial Issues 3, no. 3 (September 2013): 694-700.
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 G. Gozgor, “Testing Unemployment Persistence in Central and Eastern European Countries”, IJEFI, vol. 3, no. 3, pp. 694–700, 2013.
ISNAD Gozgor, Giray. “Testing Unemployment Persistence in Central and Eastern European Countries”. International Journal of Economics and Financial Issues 3/3 (September 2013), 694-700.
JAMA 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, 2013, pp. 694-00.
Vancouver Gozgor G. Testing Unemployment Persistence in Central and Eastern European Countries. IJEFI. 2013;3(3):694-700.