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

Cilt: 7 Sayı: 1 1 Mart 2017
  • Mercy Laita Palamuleni
International Journal of Economics and Financial Issues Kapak
International Journal of Economics and Financial Issues
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The Unemployment Invariant Hypothesis: Heterogeneous Panel Cointegration Evidence from U.S. State Level Data

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

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Mercy Laita Palamuleni Bu kişi benim

Yayımlanma Tarihi

1 Mart 2017

Gönderilme Tarihi

1 Mart 2017

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2017 Cilt: 7 Sayı: 1

IZ

https://izlik.org/JA29HF78SH

Kaynak Göster

RIS / Bibtex
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 (01 Mart 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, c. 7, sy 1, ss. 414–419, Mar. 2017, [çevrimiçi]. Erişim adresi: 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 (01 Mart 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, c. 7, sy 1, Mart 2017, ss. 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]. 01 Mart 2017;7(1):414-9. Erişim adresi: https://izlik.org/JA29HF78SH