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dc.contributor.authorReimers, Hans-Eggerten_US
dc.contributor.authorDreger, Christianen_US
dc.date.accessioned2009-01-30T12:01:12Z-
dc.date.available2009-01-30T12:01:12Z-
dc.date.issued2004en_US
dc.identifier.piurn:nbn:de:gbv:3:2-482-
dc.identifier.urihttp://hdl.handle.net/10419/23728-
dc.description.abstractIn this paper the seasonal unit root test of Hylleberg et al. (1990) is generalized to cover a heterogenous panel. The procedure follows the work of Im, Pesaran and Shin (2002). Test statistics are proposed and critical values are obtained by simulations. Moreover, the properties of the tests are analyzed for different deterministic and dynamic specifications. Evidence is presented that for a small time dimension the power is slow even for increasing cross section dimension. Therefore, it seems necessary to have a higher time dimension than cross section dimension. The new test is applied for unemployment behaviour in industrialized countries. In some cases seasonal unit roots are detected. However, the null hypotheses of panel seasonal unit roots are rejected. The null hypothesis of a unit root at the zero frequency is not rejected, thereby supporting the presence of hysteresis effects.en_US
dc.language.isoengen_US
dc.publisherInstitut für Wirtschaftsforschung Halle (IWH) Halle (Saale)en_US
dc.relation.ispartofseriesDiskussionspapiere / Institut für Wirtschaftsforschung Halle 191en_US
dc.subject.jelC23en_US
dc.subject.jelC22en_US
dc.subject.ddc330en_US
dc.subject.keywordPanel seasonal unit root testen_US
dc.subject.keywordIPS-approachen_US
dc.subject.keywordUnemployment dataen_US
dc.subject.stwUnit Root Testen_US
dc.subject.stwPanelen_US
dc.subject.stwSchätzungen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwInsider-Outsider-Modellen_US
dc.subject.stwTheorieen_US
dc.subject.stwOECD-Staatenen_US
dc.titlePanel Seasonal Unit Root Test With An Application for Unemployment Dataen_US
dc.typeWorking Paperen_US
dc.identifier.ppn391529978en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Publikationen von Forscherinnen und Forschern des IWH
IWH-Diskussionspapiere, Institut für Wirtschaftsforschung Halle (IWH)

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