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Short Note on the Unemployment Rate of the French Overseas Regions

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  • Jean-François HOARAU
  • Claude Lopez
  • Michel PAUL

Abstract

This article analyzes the hysteresis hypothesis in the unemployment rates of the four “French overseas regions” (Guadeloupe, Martinique, Guyana, Reunion) [FORs] over the period 1993-2008. We use standard univariate and panel unit root tests, among them Choi(2006) and Lopez (2009) that account for cross-sectional dependence and have improved performance when the number of countries and the time dimension of the data are limited. Our results cannot reject the null hypothesis of a unit root and so find evidence supporting hysteresis in the unemployment rates for the FORs.

Suggested Citation

  • Jean-François HOARAU & Claude Lopez & Michel PAUL, 2009. "Short Note on the Unemployment Rate of the French Overseas Regions," University of Cincinnati, Economics Working Papers Series 2009-3, University of Cincinnati, Department of Economics.
    • Handle: RePEc:cin:ucecwp:2009-3
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    Cited by:

    1. Pedro Clavijo-Cortes, 2021. "How persistent is unemployment in major Latin American economies?," Economics Bulletin, AccessEcon, vol. 41(2), pages 342-360.
    2. Michaël GOUJON & Jean-François HOARAU, 2015. "Une Nouvelle Mesure Du Développement Des Économies Ultramarines Françaises À Travers L’Application De L’Indicateur De Développement Humain « Hybride »," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 55-78.
    3. Michaël Goujon & Jean-François Hoarau, 2015. "A new assessment for the development level of the French overseas economies by implementing the « hybrid » human development index [Une nouvelle mesure du développement des économies ultramarines f," Post-Print halshs-01413356, HAL.
    4. Yannick L'Horty, 2014. "La persistance du chômage ultra-marin," Working Papers halshs-01100366, HAL.

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    More about this item

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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