This paper develops unit root tests for cross-sectionally correlated panels. The cross-
sectional correlation is modelled by error-component models. The test statistics we propose …

We investigate the properties of Johansen's (1988, 1991) maximum eigenvalue and trace
tests for cointegration under the empirically relevant situation of near-integrated variables …

We demonstrate that panel unit root tests can have high power when a small fraction of the
series is stationary and may lack power when a large fraction is stationary. The acceptance …

A quantitative survey of 24 studies containing 99 national estimates of unemployment
persistence reinstates unemployment hysteresis as a viable falsifying hypothesis to the …

This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test
for unemployment hysteresis in the US states and the EU countries against the alternative of …

This paper proposes a novel approach to testing unemployment hysteresis. It examined the
existence of hysteresis in the unemployment rates of four Nordic countries, namely …

This paper revisits the dynamics of unemployment rate for 29 OECD countries over the
period of 1980–2013. Numerous empirical studies of the dynamics of unemployment rate …

We investigate the properties of Johansen's (J Econ Dyn Control 12: 231–254, 1988;
Econometrica 59: 1551–1580, 1991) maximum eigenvalue and trace tests for cointegration …

Recent years have seen growing interest in nonstationary panels. The initial main motivation
for using panel data was to increase the power of unit root tests. Levin and Linjs (1992) 1 …

Bu çalışmada Türkiye'de sektörel işsizliğin doğal işsizlik oranı önsavıyla mı yoksa işsizlik
histerisi önsavıyla mı açıklanabilir olduğu incelenmektedir. Bu amaçla Türkiye'deki 9 …