Article (Journal/Review)
Hysteresis vs. natural rate of unemployment in Brazil and Chile
Fecha
2008Registro en:
0147-5479 / 1471-6445
10.1080/13504850600675450
000252312200013
Augusto Reis Gomes, Fabio/0000-0001-9918-9445
Autor
Gomes, Fábio Rodrigues
Silva, Cleomar Gomes da
Institución
Resumen
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.