An examination of hysteresis hypothesis on natural rate of unemployment in the case of Turkey
AbstractIn this study, the Hysteresis Hypothesis that assumes the natural rate of unemployment follows the last period’s realised unemployment was examined for the Turkish case by using annual data for the period of 1950-1995. The technique used in this study is the Kalman – Filter that is using as an influential technique to estimate the parameters of time varying regressions. Obtaining results show that the hypothesis is valid for the Turkish case in sample period. But, this quite weak validity needs additional explanatory variables to prove hypothesis completely.
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Date of creation: 18 Nov 2002
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hysteresis kalman filter unemployment;
Find related papers by JEL classification:
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
- J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-11-28 (All new papers)
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