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Testing the validity of hysteresis hypothesis for Turkey with CKP multiple structural breaks unit root test

Title	Testing the validity of hysteresis hypothesis for Turkey with CKP multiple structural breaks unit root test
Author	Yildirim, Selim
Subject	Business, Economics, Empirical Research, Hypothesis, Social sciences, Turkey, Unemployment
Type	Periodical
Language	Arabic
Digital	No
Manuscript	No
Library:	Purdue University Libraries
Library Asset ID	ISSN: 1309-8012, EISSN: 1309-8012
Record ID	cdi_proquest_miscellaneous_1355849502
Notes	Hysteresis hypothesis states that effects of a shock on unemployment is permanent. In this paper hysteresis hypothesis for Turkey is tested, using unit root tests on series between 1923 and 2010 with yearly frequency. The existence of structural changes is examined with Bai-Perron multiple structural breaks test. This empirical analysis depicts that the model with the level and trend breaks fits the series better. Therefore the unit root test is implemented for level and trend while multiple structural breaks are taken into consideration. As a result the unit root test states that hysteresis hypothesis hold for Turkey for the given period.
Bir Parçası Olduğu	Sosyal ve Beşerî Bilimler Dergisi, 1901-01, Vol.11 (22), p.28-47

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Other Editions

Record ID: 5472699

Purdue University Libraries

Testing the validity of hysteresis hypothesis for Turkey with CKP multiple structural breaks unit root test

Author Yildirim, Selim

Subject Business, Economics, Empirical Research, Hypothesis, Social sciences, Turkey, Unemployment

Type Periodical

Language Arabic

Digital No

Manuscript No

Library Purdue University Libraries

Library Asset ID ISSN: 1309-8012, EISSN: 1309-8012

Record ID cdi_proquest_miscellaneous_1355849502

Notes Hysteresis hypothesis states that effects of a shock on unemployment is permanent. In this paper hysteresis hypothesis for Turkey is tested, using unit root tests on series between 1923 and 2010 with yearly frequency. The existence of structural changes is examined with Bai-Perron multiple structural breaks test. This empirical analysis depicts that the model with the level and trend breaks fits the series better. Therefore the unit root test is implemented for level and trend while multiple structural breaks are taken into consideration. As a result the unit root test states that hysteresis hypothesis hold for Turkey for the given period.

Bir Parçası Olduğu Sosyal ve Beşerî Bilimler Dergisi, 1901-01, Vol.11 (22), p.28-47

Other Editions

Testing the validity of hysteresis hy... Record ID: 5472699