Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105545
Authors: 
León-Ledesma, Miguel A.
Year of Publication: 
2000
Series/Report no.: 
Department of Economics Discussion Paper, University of Kent 0006
Abstract: 
This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test for unemployment hysteresis in the US states and the EU countries against the alternative of a natural rate. The results show that hysteresis for the EU and the natural rate for the US states are the most plausible hypotheses.
Subjects: 
Unemployment Hysteresis
Unit Roots
Panel Tests
JEL: 
E24
C22
C23
Document Type: 
Working Paper

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