Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/179821 
Year of Publication: 
2015
Citation: 
[Journal:] Review of Economic Perspectives [ISSN:] 1804-1663 [Volume:] 14 [Issue:] 4 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2015 [Pages:] 411-426
Publisher: 
De Gruyter, Warsaw
Abstract: 
The purpose of this paper is to test hysteresis of the Romanian labour force participation rate, by using time series data, with quarterly frequency, covering the period 1999Q1-2013Q4. The main results reveal that the Romanian labour force participation rate is a nonlinear process and has a partial unit root (i.e. it is stationary in the first regime and non-stationary in the second one), the main breaking point being registered around year 2005. In this context, the value of using unemployment rate as an indicator for capturing joblessness in this country is debatable. Starting from 2005, the participation rate has not followed long-term changes in unemployment rate, the disturbances having permanent effects on labour force participation rate.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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