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  • 标题:Hysteresis in Regional Unemployment Rates in Turkey
  • 本地全文:下载
  • 作者:Giray Gozgor
  • 期刊名称:International Journal of Economics and Finance
  • 印刷版ISSN:1916-971X
  • 电子版ISSN:1916-9728
  • 出版年度:2012
  • 卷号:4
  • 期号:9
  • 页码:175
  • DOI:10.5539/ijef.v4n9p175
  • 出版社:Canadian Center of Science and Education
  • 摘要:

    It is important for policy-makers to understand the nature of unemployment, particularly in the regional level. As a developing country, Turkey suffers from severe unemployment, as well as major regional discrepancies, even in the periods of high-level economic growth. In this study, we analyze a possible hysteresis effect in regional unemployment rates in Turkey from 2004 to 2011. We apply heterogeneous or homogenous Panel-based Unit Root (PUR) tests that they can be arranged in groups by cross-section independence or cross-section dependence. Results of the PUR tests show that there is no mean-reversion in regional unemployment rates and natural-rate of unemployment hypothesis is strongly rejected. Thus, empirical results provide significant support for the existence of the hysteresis hypothesis in regional unemployment rates in Turkey.

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