A Comparative Study on Unemployment Hysteresis: Evidence from Various Asian Regions Using Panel Data

• 발행기관: 서울대학교 경제연구소
• 저자명: Deepti Singh Abhishek Kumar Garima Singh
• 간행물 정보: 『Seoul Journal of Economics』Volume 38 No.4, 349~379쪽, 전체 31쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2025.11.30

국문 초록

The paper explores unemployment hysteresis in Asian countries. This paper collects annual unemployment data from various Asian countries over the period of 2003–2023, disaggregated by gender. Our empirical methodology includes trend analysis using graphical data representation and panel unit root tests with three groups: first-generation, second-generation, and variance ratio tests. Advanced unit root tests have ensured more reliable results. This paper shows that unemployment hysteresis is present in most Western and Central Asian countries, while it is largely absent in Eastern and Southern Asia. Policy implications are significant because they help identify the nature of unemployment in these countries and support the development of appropriate labor market policies.

목차

I. Introduction

II. Theoretical Foundations Employed for the StudyII.1 Unit Root Tests

III. Data Sources and Description

IV. Result Tabulation and Discussion

V. CONCLUSION, POLICY IMPLICATIONS, AND FUTURE SUGGESTIONS

REFERENCES

키워드

unemployment hysteresis panel unit root tests Asian countries VR ratio tests natural rate hypothesis