Hysteresis vs. natural rate of unemployment in Brazil and Chile

被引：13
|
作者：
Gomes, Fabio [1 ]
da Silva, Cleomar Gomes [2 ]
机构：
[1] Ibmec Sao Paulo, BR-04546042 Sao Paulo, SP, Brazil
[2] Sao Paulo Sch Econ, Getulio Vargas Fdn, BR-01332000 Sao Paulo, SP, Brazil
来源：
APPLIED ECONOMICS LETTERS | 2008年 / 15卷 / 01期
关键词：
D O I：
10.1080/13504850600675450
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article examines the hysteresis hypothesis in the unemployment rates of Brazil and Chile using an LM unit root test with two endogenous breaks. The phenomenon is confirmed for both countries. However, the hysteresis hypothesis is able to account for only a small part of the unemployment evolution.
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页码：53 / 56
页数：4
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