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Structural breaks and nonlinearities in hours worked: are they really nonstationary?

Author

Listed:
  • Ibrahim ARISOY

    (Cukurova University, FEAS, Department of Economics)

Abstract

This paper applies univariate unit root tests to annual data of 26 countries to examine the stationary properties of hours worked over the period 1950-2010. To this end, both conventional unit root tests and recent unit root tests allowing for structural breaks and nonlinearities in data generating process are utilized. The main finding is that when allowing for two structural breaks and nonlinearities in data, there is evidence that hours worked in some of the countries is stationary.

Suggested Citation

  • Ibrahim ARISOY, 2012. "Structural breaks and nonlinearities in hours worked: are they really nonstationary?," Economics Bulletin, AccessEcon, vol. 32(3), pages 2670-2677.
    • Handle: RePEc:ebl:ecbull:eb-12-00288
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I3-P257.pdf
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    References listed on IDEAS

    as
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    6. Kapetanios, George & Shin, Yongcheol & Snell, Andy, 2003. "Testing for a unit root in the nonlinear STAR framework," Journal of Econometrics, Elsevier, vol. 112(2), pages 359-379, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Hours worked; Structural Change; Unit Roots; Nonlinearity;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General

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