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Journals / Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2020 / Cilt: 10 - Sayı: 1

Investigation of Unemployment Hysteresis for Developed and Developing Countries: Fourier ADF Test Findings

Gelişmiş ve Gelişmekte Olan Ülkeler için İşsizlik Histerisinin İncelenmesi: Fourier ADF Test Bulguları

Faruk MİKE
Ali Eren ALPER
Pages
1–14
Publication Date
2022-10-11
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The Fourier ADF unit root test results show that the null hypothesis of unit root cannot be rejected for all of the countries.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study aims to analyse the time series properties of unemployment rates by differentiating between natural rate and hysteresis hypotheses.
📊
Key Findings & Data:Accordingly, Fourier ADF unit root test which was developed by Enders and Lee (2012) was applied for 52 developed and developing countries.
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Conclusion & Impact:The Fourier ADF unit root test results show that the null hypothesis of unit root cannot be rejected for all of the countries.
🔬Design:Research Article
📍Scope:2012 Verileri
⚙️Variables:Domain Parameters

Abstract

This study aims to analyse the time series properties of unemployment rates by differentiating between natural rate and hysteresis hypotheses. Accordingly, Fourier ADF unit root test which was developed by Enders and Lee (2012) was applied for 52 developed and developing countries. The Fourier ADF unit root test results show that the null hypothesis of unit root cannot be rejected for all of the countries. This means that the hysteresis hypothesis of unemployment is valid for all developed and developing countries. Empirical findings confirm the negative effects of global economic crises on unemployment rates, which have begun in recent years, especially in developed countries, and then spread to developing countries.

Özet

Bu çalışma işsizlik oranlarının zaman serisi özelliklerini doğal oran hipotezi ve histeri hipoteziayrımı ile incelemeyi amaçlamaktadır. Bu doğrultuda çalışmada gelişmiş ve gelişmekte olan 52ülke için Enders ve Lee (2012) tarafından geliştirilen Fourier ADF birim kök testi uygulanmıştır.Elde edilen bulgular söz konusu ülkelerin tamamı için birim kök boş hipotezininreddedilemediğini ve dolayısıyla bütün ülkeler için işsizlik histerisi hipotezinin geçerli olduğunuortaya koymaktadır. Ampirik bulgular, son yıllarda özellikle gelişmiş ülkelerde başlayan ve dahasonra gelişmekte olan ülkelere yayılan küresel ekonomik krizlerin, temel makroekonomikgöstergelerden birisi olan işsizlik oranları üzerindeki olumsuz etkilerini doğrular niteliktedir.

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Cite This Article

MİKE, F., ALPER, A. E. (2022). Investigation of Unemployment Hysteresis for Developed and Developing Countries: Fourier ADF Test Findings. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 10 - Sayı: 1, 1–14. https://ajindex.com/articles/483117

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