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Is there really hysteresis in the OECD unemployment rates? New evidence using a Fourier panel unit root test |
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| Authors: | Omay Tolga Shahbaz Muhammad Stewart Chris |
| Institution: | 1.Department of Economics, Atilim University, Ankara, Turkey ;2.Department of International Trade and Finance School of Management and Economics Beijing Institute of Technology, Beijing, China ;3.School of Law, Social and Behavioural Sciences, Kingston University, London, UK ; |
| Abstract: | Empirica - We investigate the hysteresis hypothesis by proposing a heterogeneous panel unit root test that allows for gradually changing trends and cross-sectional dependence (CSD) among panel... |
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