Yapısal Kırılmalar Altında Türkiye İçin İşsizlik Histerisinin Sınanması

By Veli Yılancı. 2009

68 citations recorded by the source corpus.

In this study, we examine unemployment hysteresis for Turkey over the period 1923- 2007 by using unit root tests which allow for structural breaks. We test whether unemployment rates are stationary by using Perron, Zivot-Andrews (ZA), Lumsdaine – Papell (LP) and LM unit root tests. According to the ZA and LP tests, we find evidence of hysteresis. We find series as a unit root process with structural breaks according to both Perron and the LM tests. We conclude even transitory shocks have permanent effects on the level of unemployment and can cause natural rate of unemployment to change.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/2c726d485e2f452e207830ce3e8f32500aa37443