Advanced search
Publication Cover
Applied Economics Letters Volume 25, 2018 - Issue 4
Submit an article Journal homepage
403
Views
15
CrossRef citations to date
0
Altmetric
Original Articles

Testing hysteresis effect in U.S. state unemployment: new evidence using a nonlinear quantile unit root test

Mohsen Bahmani-OskooeeThe Center for Research on International Economics and Department of Economics, University of Wisconsin-Milwaukee, Milwaukee, WI, USACorrespondence[email protected]
,
Tsangyao ChangDepartment of Finance, Feng Chia University, Taichung, TAIWAN
&
Omid RanjbarDepartment of Economics, Allameh Tabataba’i University, Tehran, IRAN;Trade Promotion Organization of Iran, Tehran, IRAN
Pages 249-253 | Published online: 21 Apr 2017

References

  • Blanchard, O. J. 1991. Wage Bargaining and Unemployment Persistence(No. W3664). National Bureau of Economic Research Working Papers. Massachusetts: Cambridge.
  • Blanchard, O. J., and L. Summers. 1987. Hysteresis in Unemployment (No. 2035), National Bureau of Economic Research Working Papers. Massachusetts: Cambridge.
  • Blanchard, O., and L. F. Katz. 1997. “What We Know and Do Not Know about the Natural Rate of Unemployment.” Journal of Economic Perspectives 11 (1): 51–72. doi:10.1257/jep.11.1.51.
  • Dreger, C., and H. E. Reimers. 2009. “Hysteresis in the Development of Unemployment: The EU and the US Experience.” Spanish Economic Review 11: 267–276. doi:10.1007/s10108-009-9055-0.
  • Kapetanios, G., Y. Shin, and A. Snell. 2003. “Testing for a Unit Root in the Nonlinear STAR Framework.” Journal of Econometrics 112 (2): 359–379. doi:10.1016/S0304-4076(02)00202-6.
  • León-Ledesma, M. A. 2002. “Unemployment Hysteresis in the US States and the EU: A Panel Approach.” Bulletin of Economic Research 54 (2): 95–103. doi:10.1111/1467-8586.00141.
  • Li, H., and S. Y. Park. 2016. “Testing for a Unit Root in a Nonlinear Quantile Autoregression Framework.” Econometric Reviews 1–26. doi:10.1080/00927872.2016.1178871.
  • Lindbeck, A. 1995. “Hazardous Welfare-State Dynamics.” The American Economic Review 85 (2): 9–15.
  • Ng, S., and P. Perron. 2001. “Lag Length Selection and the Construction of Unit Root Tests with Good Size and Power.” Econometrica : Journal of the Econometric Society 69: 1519–1554. doi:10.1111/ecta.2001.69.issue-6.
  • Phelps, E. S. 1967. “Phillips Curves, Expectations of Inflation and Optimal Unemployment over Time.” Economica, 34: 254–281.
  • Phillips, P. C. B., and P. Perron. 1988. “Testing for a Unit Root in Time Series Regression.” Biometrika 75: 335–346. doi:10.1093/biomet/75.2.335.
  • Romero-Ávila, D., and C. Usabiaga. 2007. “Unit Root Tests, Persistence, and the Unemployment Rate of the U.S States.” Southern Economic Journal 73 (3): 698–716.
  • Sephton, P. S. 2012. “Persistence in U.S. State Unemployment Rates: Errata and Extensions.” Southern Economic Journal 78 (3): e1–e9. doi:10.4284/0038-4038-78.3.e1.
  • Song, F. M., and Y. Wu. 1997. “Hysteresis in Unemployment: Evidence from 48 U.S. States.” Economic Inquiry 35 (2): 235–243. doi:10.1111/j.1465-7295.1997.tb01906.x.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.