Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23728 
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dc.contributor.authorReimers, Hans-Eggerten
dc.contributor.authorDreger, Christianen
dc.date.accessioned2009-01-30T12:01:12Z-
dc.date.available2009-01-30T12:01:12Z-
dc.date.issued2004-
dc.identifier.piurn:nbn:de:gbv:3:2-482en
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 specications. 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
dc.language.isoengen
dc.publisher|aLeibniz-Institut für Wirtschaftsforschung Halle (IWH) |cHalle (Saale)en
dc.relation.ispartofseries|aIWH Discussion Papers |x191/2004en
dc.subject.jelC23en
dc.subject.jelC22en
dc.subject.ddc330en
dc.subject.keywordPanel seasonal unit root testen
dc.subject.keywordIPS-approachen
dc.subject.keywordUnemployment dataen
dc.subject.stwUnit Root Testen
dc.subject.stwPanelen
dc.subject.stwSchätzungen
dc.subject.stwArbeitslosigkeiten
dc.subject.stwInsider-Outsider-Modellen
dc.subject.stwTheorieen
dc.subject.stwOECD-Staatenen
dc.titlePanel Seasonal Unit Root Test With An Application for Unemployment Data-
dc.typeWorking Paperen
dc.identifier.ppn391529978en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:iwhdps:iwh-191en

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