Hysteresis Hypothesis in Job Creation and Destruction: Evidence from the US

被引：0

作者：

Liu, De-Chih ^{[1
]}

机构：

[1] Tamkang Univ, Dept Ind Econ, Tamsui 25137, Taipei County, Taiwan

来源：

ANNALS OF ECONOMICS AND FINANCE | 2011年 / 12卷 / 02期

关键词：

Hysteresis hypothesis; Job creation; Job destruction; UNIT-ROOT TESTS; PANEL-DATA; UNEMPLOYMENT; POWER;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We employ the Im et al. (2005) and the Bai and Carrion-i-Silvestre (2009) tests of panel based unit root types to investigate the hysteresis hypothesis in job creation and destruction using U.S. state-level data. Although the conventional individual unit tests fail to reject the unit root for some of the states job creation and destruction rates, the results based on two panel-based unit root tests indicate that the hysteresis hypothesis in job creation and destruction can clearly be rejected. Our findings suggest that given sufficient time, the job creation and destruction rates will return to their previous paths.

引用

页码：389 / 409

页数：21

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