Theoretical and Applied Economics
No. 4 / 2013 (581)
Hysteresis in unemployment: an empirical research for three member states of the European Union
Technological Institute of Western Macedonia
Melina DRITSAKI
Brunel University, London
Abstract. This empirical paper investigates the hysteresis in unemployment in the case of three European countries namely Greece, Ireland and Portugal for the period 1984-2010. This study uses three classical unit-root tests, and a number of panel unit root tests, which are known to overcome specification problems, to check the existence of hysteresis in unemployment data from three European Union countries. The empirical results do not reject a unit root in the unemployment rates. This suggests that the unemployment hysteresis hypothesis exists in all three countries.
Contents
The global crisis: Challenges to the banking system
Contributions to assessing the relative dimension of agglomeration theories
Hysteresis in unemployment: an empirical research for three member states of the European Union
Economics: the primary lesson to be taught and learned, as update
Need to implement corporate governance in the Romanian companies
Aspects of labor market flexicurity in the Mediterranean and Anglo-Saxon models
Impact of economic models on European Union economies development
Cyclical convergence of Central and Eastern European countries to the Euro area core. New methodological approach
Models for the analysis of the labor market in Romania