Balkan Ülkelerinde İşsizlik Histerisi Mi Doğal İşsizlik Oranı Mı Geçerli?: Fourier Birim Kök Testleri Uygulaması

Fikriye Ceren Bostancı; Selçuk Koç

doi:10.56337/sbm.1167668

Research Article

Is the Unemployment Hysteresis Valid in the Balkan Countries?: An Empirical Study With Fourier Unit Root Tests

Year 2022, Volume: 2022 Issue: 2, 119 - 131, 11.10.2022

Fikriye Ceren Bostancı , Selçuk Koç

https://doi.org/10.56337/sbm.1167668

Cited By: 2

Abstract

The most popular hypotheses about unemployment in Macroeconomics are the Natural Unemployment Rate and Unemployment Hysteresis hypotheses, which are in opposition to each other. After the 1970s, the continuous increase in unemployment and the divergence from a certain average has increased the importance of the relatively new Unemployment Hysteria hypothesis, and research in this area has increased. In this study, the Unemployment Hysteresis Hypothesis is tested with the help of Fourier Unit Root Tests for 10 Balkan countries in the relevant periods. According to the results, while the Natural Unemployment Rate hypothesis is valid in Albania and Montenegro, the Unemployment Hysteresis hypothesis is valid in other countries.

Keywords

Unemployment, Unemployment Hysteresis, Fourier Unit Root Tests

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