Author/Authors
GÜLOĞLU, Bülent Pamukkale Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - Ekonometri Bölümü, Turkey , İSPİR, M. Serdar Pamukkale Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İktisat Bölümü, Turkey
Title Of Article
Is Natural Rate of Unemployment or Hysteresis? Sector-Specific Panel Unit Root Test Analysis for Turkey
شماره ركورد
44281
Abstract
In this study we investigate whether sector-specific unemployment in Turkey is explained by natural rate of unemployment or hysteresis hypothesis. We employ sectoral unemployment rate in nine Turkish leading sectors covering the period 1988-2008 and test the stationarity of unemployment rates.For the test we use a recently developed panel unit root test which allows for different number of structural breaks in unemployment series in different dates. Unlike the other studies, the results obtained in this study show that the sectoral unemployment can be explained by a special case of the natural rate of unemployment hypothesis.
From Page
205
NaturalLanguageKeyword
Natural unemployment rate , hysteresis , panel unit root test
JournalTitle
Ege Academic Review (EAR)
To Page
215
JournalTitle
Ege Academic Review (EAR)
Link To Document