uu.seUppsala University Publications
Change search
ReferencesLink to record
Permanent link

Direct link
Testing for Hysteresis in Nordic Unemployment Using the Johansen Likelihood Ratio Test for Cointegration
Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Economics.
2004 (English)In: Applied Economics Quarterly, Vol. 50, no 3, 249-260 p.Article in journal (Refereed) Published
Abstract [en]

Whether shocks to unemployment in an economy are temporary or permanent will have implications for the design of labour market regulations, institutions and counteracting policy. The concept of unemployment hysteresis therefore becomes crucial when designing and implementing policy. This paper tests for the presence of unemployment hysteresis in the Nordic countries using the Johansen (1988) likelihood ratio test for cointegration as a panel unit root test. The results indicate that there is no unemployment hysteresis in any of the Nordic countries.

Place, publisher, year, edition, pages
2004. Vol. 50, no 3, 249-260 p.
Keyword [en]
Hysteresis, Unemployment, Panel unit root test
URN: urn:nbn:se:uu:diva-68309OAI: oai:DiVA.org:uu-68309DiVA: diva2:96220
Available from: 2005-03-03 Created: 2005-03-03 Last updated: 2011-01-12

Open Access in DiVA

No full text

By organisation
Department of Economics

Search outside of DiVA

GoogleGoogle Scholar
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 163 hits
ReferencesLink to record
Permanent link

Direct link