Hysteresis in Unemployment:Evidence from Latin America
AbstractThis paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the series, and allows for cross section dependence and a different number of endogenously determined structural breakpoints. The findings give support to the hysteric dynamic hypothesis for the majority of the countries analyzed. The implications of the results have ramifications regarding macro-stabilization, structural reform, and the design of social safety protection.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Inter-American Development Bank, Office of Evaluation and Oversight (OVE) in its series OVE Working Papers with number 0408.
Length: 24 pages
Date of creation: Mar 2008
Date of revision:
Unemployment hysteresis; unit root test; panel unit root test; cross-section dependence.;
Other versions of this item:
- Matias Mednik & Cesar M. Rodriguez & Inder J. Ruprah, 2012. "Hysteresis in unemployment: Evidence from Latin America," Journal of International Development, John Wiley & Sons, Ltd., vol. 24(4), pages 448-466, 05.
- Matias Mednik & César Rodríguez & Inder J. Ruprah, 2008. "Hysteresis in Unemployment: Evidence from Latin America," IDB Publications 24498, Inter-American Development Bank.
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-06-21 (All new papers)
- NEP-LAB-2008-06-21 (Labour Economics)
- NEP-LAM-2008-06-21 (Central & South America)
- NEP-MAC-2008-06-21 (Macroeconomics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Veronica González & Pablo Ibarrarán & Alessandro Maffioli & Sandra Rozo, 2009.
"The Impact of Technology Adoption on Agricultural Productivity: The Case of the Dominican Republic,"
OVE Working Papers
0509, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
- Verónica M. Gonzalez Diez & Pablo Ibarrarán & Alessandro Maffioli & Sandra Rozo, 2009. "The Impact of Technology Adoption on Agricultural Productivity: The Case of the Dominican Republic," IDB Publications 25938, Inter-American Development Bank.
- Francisca Henriquez, 2009. "Microcrédito y su Impacto: Un Acercamiento con Datos Chilenos," OVE Working Papers 0309, Inter-American Development Bank, Office of Evaluation and Oversight (OVE).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Monica Bazan).
If references are entirely missing, you can add them using this form.