期刊論文

標題 Hysteresis Hypohesis in Unemployment and Labour Force Participation Rates: Evidence from Australian States and Territories
學年 100
學期 2
出版(發表)日期 2012/06/01
作品名稱 Hysteresis Hypohesis in Unemployment and Labour Force Participation Rates: Evidence from Australian States and Territories
作品名稱(其他語言)
著者 Liu, De-chih; Sun, Chin-hwa; Lin, Pei-chien
單位 淡江大學產業經濟學系
出版者 Wiley-Blackwell Publishing Asia
著錄名稱、卷期、頁數 Australian Economic Papers 51(2), pp.71-84
摘要 This article simultaneously investigates the hysteresis hypothesis of unemployment and labour force participation using regional level data in Australia. The conventional univariate and panel unit root tests indicate that the hysteresis hypothesis cannot be rejected for most of the regions in Australia. To further confirm if the hysteresis finding in unemployment and labour force participation results from not considering structural breaks. We employ a panel stationarity test recently developed by Carrion-i-Silvestre et al. (2005), which considers multiple structural breaks and cross-sectional dependence. The test results lend support for unemployment hysteresis and participation regime-wise stationarity. Accordingly, the findings imply that a temporary shock may have permanent effects on the unemployment rate but not on labour force participation in Australia and thus call for policies aimed at improving the adjustment mechanism in unemployment.
關鍵字 Hysteresis hypothesis; unemployment; labor for participation; panel unit root; structural breaks
語言 英文
ISSN 0004-900X;1467-8454
期刊性質 國外
收錄於 SSCI;
產學合作
通訊作者 Liu, De-Chih
審稿制度
國別 澳洲
公開徵稿
出版型式 電子版;紙本;