Testing for Unit Roots in OECD Unemployment Rates

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ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Testing for Unit Roots in OECD Unemployment Rates by : William F. Mitchell

Download or read book Testing for Unit Roots in OECD Unemployment Rates written by William F. Mitchell and published by . This book was released on 1992 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Are Unemployment Rates in OECD Countries Stationary?

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ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis Are Unemployment Rates in OECD Countries Stationary? by :

Download or read book Are Unemployment Rates in OECD Countries Stationary? written by and published by . This book was released on 2015 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hysteresis in Unemployment

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Hysteresis in Unemployment by : Frank M. Song

Download or read book Hysteresis in Unemployment written by Frank M. Song and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existing studies using standard unit-root tests generally cannot reject the null hypothesis of a unit root in unemployment rates. These findings have been interpreted as support for the hysteresis hypothesis. In this paper, we analyze a panel of unemployment rates of fifteen OECD countries by using a panel-based test. The test exploits the cross-section variations of the constituent series and is more powerful. The critical values are simulated based on our specific panel sizes and time periods. It is found that the null hypothesis of a unit root in unemployment rates can be rejected in general. This casts some doubt on the hysteresis hypothesis and provides limited support for the natural-rate hypothesis of unemployment for these countries.

Hysteresis in Unemployment Revisited

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Hysteresis in Unemployment Revisited by : Jun-De Lee

Download or read book Hysteresis in Unemployment Revisited written by Jun-De Lee and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper applies the panel LM unit root tests with heterogeneous structural breaks in level by Im"et al. (Oxford Bulletin of Economics and Statistics, 67 (2005), pp. 393-419) to re-examine the validity of hysteresis in the unemployment rates of 19 OECD countries. Our empirical findings are favourable to the stationarity of the unemployment rates, i.e., the unemployment hysteresis hypothesis is strongly rejected. Our results suggest that shocks to unemployment rates are temporary and soon converge when we control for breaks. A major policy implication of the study is that a fiscal or monetary stabilization policy would not have permanent effects on the unemployment rates of the 19 OECD countries.

Testing for Hysteresis in Unemployment in OECD Countries

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Testing for Hysteresis in Unemployment in OECD Countries by : Mariam Camarero

Download or read book Testing for Hysteresis in Unemployment in OECD Countries written by Mariam Camarero and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper tests hysteresis effects in unemployment using panel data for 19 Organization for Economic Co-operation and Development (OECD) countries covering the period 1956-2001. The tests exploit the cross-sectional variations of the series, and additionally, allow for a different number of endogenous breakpoints in the unemployment series. The critical values are simulated based on our specific panel sizes and time periods. The findings stress the importance of accounting for exogenous shocks in the series and support the natural-rate hypothesis of unemployment for the majority of the countries analysed.

Testing for Seasonal Stability in Unemployment Series

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ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Testing for Seasonal Stability in Unemployment Series by : Shipra Banik

Download or read book Testing for Seasonal Stability in Unemployment Series written by Shipra Banik and published by . This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Nonstationary Panels, Panel Cointegration, and Dynamic Panels

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Publisher : Elsevier
ISBN 13 : 0762306882
Total Pages : 351 pages
Book Rating : 4.7/5 (623 download)

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Book Synopsis Nonstationary Panels, Panel Cointegration, and Dynamic Panels by : Badi H. Baltagi

Download or read book Nonstationary Panels, Panel Cointegration, and Dynamic Panels written by Badi H. Baltagi and published by Elsevier. This book was released on 2000 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 16th Edition of Advances in Econometrics we present twelve papers discussing the current interface between Marketing and Econometrics. The authors are leading scholars in the fields and introduce the latest models for analysing marketing data. The papers are representative of the types of problems and methods that are used within the field of marketing. Marketing focuses on the interaction between the firm and the consumer. Economics encompasses this interaction as well as many others. Economics, along with psychology and sociology, provides a theoretical foundation for marketing.

Testing for hysteresis in unemployment in OECD countries

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (535 download)

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Book Synopsis Testing for hysteresis in unemployment in OECD countries by : Mariam Camarero

Download or read book Testing for hysteresis in unemployment in OECD countries written by Mariam Camarero and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Almost All About Unit Roots

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Publisher : Cambridge University Press
ISBN 13 : 1107097339
Total Pages : 301 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Almost All About Unit Roots by : In Choi

Download or read book Almost All About Unit Roots written by In Choi and published by Cambridge University Press. This book was released on 2015-05-12 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many economic theories depend on the presence or absence of a unit root for their validity, making familiarity with unit roots extremely important to econometric and statistical theory. This book introduces the literature on unit roots in a comprehensive manner to empirical and theoretical researchers in economics and other areas.

Perspectives on Modern Economy

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Publisher : IJOPEC PUBLICATION
ISBN 13 : 1913809021
Total Pages : 575 pages
Book Rating : 4.9/5 (138 download)

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Book Synopsis Perspectives on Modern Economy by : Aizhan Khoich

Download or read book Perspectives on Modern Economy written by Aizhan Khoich and published by IJOPEC PUBLICATION. This book was released on 2020-09-10 with total page 575 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to provide researchers from basic disciplines of the economics fields such as consumer behavior and public economy with a variety of distinctive perspectives in today’s world where the behavior and preferences of economic actors have changed completely, and the economic policies of countries have been redrafted.

The Econometrics of Panel Data

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Publisher : Springer Science & Business Media
ISBN 13 : 3540758925
Total Pages : 966 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis The Econometrics of Panel Data by : Lászlo Mátyás

Download or read book The Econometrics of Panel Data written by Lászlo Mátyás and published by Springer Science & Business Media. This book was released on 2008-04-06 with total page 966 pages. Available in PDF, EPUB and Kindle. Book excerpt: This restructured, updated Third Edition provides a general overview of the econometrics of panel data, from both theoretical and applied viewpoints. Readers discover how econometric tools are used to study organizational and household behaviors as well as other macroeconomic phenomena such as economic growth. The book contains sixteen entirely new chapters; all other chapters have been revised to account for recent developments. With contributions from well known specialists in the field, this handbook is a standard reference for all those involved in the use of panel data in econometrics.

Econometric Analysis of Panel Data

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Publisher : Springer Nature
ISBN 13 : 3030539539
Total Pages : 436 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Econometric Analysis of Panel Data by : Badi H. Baltagi

Download or read book Econometric Analysis of Panel Data written by Badi H. Baltagi and published by Springer Nature. This book was released on 2021-03-16 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook offers a comprehensive introduction to panel data econometrics, an area that has enjoyed considerable growth over the last two decades. Micro and Macro panels are becoming increasingly available, and methods for dealing with these types of data are in high demand among practitioners. Software programs have fostered this growth, including freely available programs in R and numerous user-written programs in both Stata and EViews. Written by one of the world’s leading researchers and authors in the field, Econometric Analysis of Panel Data has established itself as the leading textbook for graduate and postgraduate courses on panel data. It provides up-to-date coverage of basic panel data techniques, illustrated with real economic applications and datasets, which are available at the book’s website on springer.com. This new sixth edition has been fully revised and updated, and includes new material on dynamic panels, limited dependent variables and nonstationary panels, as well as spatial panel data. The author also provides empirical illustrations and examples using Stata and EViews. “This is a definitive book written by one of the architects of modern, panel data econometrics. It provides both a practical introduction to the subject matter, as well as a thorough discussion of the underlying statistical principles without taxing the reader too greatly." Professor Kajal Lahiri, State University of New York, Albany, USA. "This book is the most comprehensive work available on panel data. It is written by one of the leading contributors to the field, and is notable for its encyclopaedic coverage and its clarity of exposition. It is useful to theorists and to people doing applied work using panel data. It is valuable as a text for a course in panel data, as a supplementary text for more general courses in econometrics, and as a reference." Professor Peter Schmidt, Michigan State University, USA. “Panel data econometrics is in its ascendancy, combining the power of cross section averaging with all the subtleties of temporal and spatial dependence. Badi Baltagi provides a remarkable roadmap of this fascinating interface of econometric method, enticing the novitiate with technical gentleness, the expert with comprehensive coverage and the practitioner with many empirical applications.” Professor Peter C. B. Phillips, Cowles Foundation, Yale University, USA.

Testing for a Unit Root in Panels with Dynamic Factors

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Testing for a Unit Root in Panels with Dynamic Factors by : Hyungsik Roger Moon

Download or read book Testing for a Unit Root in Panels with Dynamic Factors written by Hyungsik Roger Moon and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies testing for a unit root for large n and T panels in which the cross-sectional units are correlated. To model this cross-sectional correlation, we assume that the data is generated by an unknown number of unobservable common factors. We propose unit root tests in this environment and derive their (Gaussian) asymptotic distribution under the null hypothesis of a unit root and local alternatives. We also show that these tests have no power against the same local alternatives when it is necessary to remove deterministic components. Through Monte Carlo simulations, we provide evidence on the finite sample properties of these new tests.

Econometric Analysis of Panel Data

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Publisher : John Wiley & Sons
ISBN 13 : 0470518863
Total Pages : 239 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Econometric Analysis of Panel Data by : Badi Baltagi

Download or read book Econometric Analysis of Panel Data written by Badi Baltagi and published by John Wiley & Sons. This book was released on 2008-06-30 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by one of the world's leading researchers and writers in the field, Econometric Analysis of Panel Data has become established as the leading textbook for postgraduate courses in panel data. This new edition reflects the rapid developments in the field covering the vast research that has been conducted on panel data since its initial publication. Featuring the most recent empirical examples from panel data literature, data sets are also provided as well as the programs to implement the estimation and testing procedures described in the book. These programs will be made available via an accompanying website which will also contain solutions to end of chapter exercises that will appear in the book. The text has been fully updated with new material on dynamic panel data models and recent results on non-linear panel models and in particular work on limited dependent variables panel data models.

The Unemployment Crisis in Australia

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Publisher : Cambridge University Press
ISBN 13 : 9780521643948
Total Pages : 328 pages
Book Rating : 4.6/5 (439 download)

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Book Synopsis The Unemployment Crisis in Australia by : Stephen Bell

Download or read book The Unemployment Crisis in Australia written by Stephen Bell and published by Cambridge University Press. This book was released on 2000-06-06 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1970s the average level of unemployment in Australia has risen each decade. This has imposed huge economic, social and human costs, making unemployment one of the most pressing problems confronting Australia. Governments, however, seem powerless in the face of this problem. Drawing on the expertise of some of Australia's leading economists, this book, first published in 2000, argues that the currently fashionable approaches of wage cuts and further steps towards labour market flexibility will not solve the unemployment problem. In reality, unemployment and rising inequality are symptoms of the growing failure of contemporary labour markets to distribute jobs and incomes effectively. The contributors argue that the main solution to this problem is not wage cuts but jobs growth. This important book points to a way beyond the current policy malaise and offers detailed solutions to unemployment.

Unemployment and Primary Commodity Prices

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Publisher : Springer
ISBN 13 : 1349149721
Total Pages : 198 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis Unemployment and Primary Commodity Prices by : Annalisa Cristini

Download or read book Unemployment and Primary Commodity Prices written by Annalisa Cristini and published by Springer. This book was released on 1999-04-30 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book discusses the links between primary commodity prices and the OECD rate of unemployment. In particular it formalises and estimates a macroeconomic model which by endogenizing both the OECD rate of unemployment and primary commodity prices, is capable of accounting for the feedback running from the primary market back to the OECD economy. Simulations are also performed to provide insights into the propagation mechanism of an oil price shock and the role played by the various factors to determine the final effect.

Disability and Employment

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Publisher : Springer Nature
ISBN 13 : 981972256X
Total Pages : 196 pages
Book Rating : 4.8/5 (197 download)

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Book Synopsis Disability and Employment by : Fumitaka Furuoka

Download or read book Disability and Employment written by Fumitaka Furuoka and published by Springer Nature. This book was released on with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: