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A replication note on unemployment in the OECD since the 1960s: what do we know?

Tino Berger (UGent) and Gerdie Everaert (UGent)
(2009) EMPIRICAL ECONOMICS. 36(2). p.479-485
Author
Organization
Abstract
Nickell et al. (Econ J 115(500):1-27, 2005) argue that unemployment rates cointegrate with labour market institutions in a panel of OECD countries. This paper replicates their Maddala-Wu panel cointegration test and shows that this test is only valid when (i) the number of countries tends to infinity and (ii) the underlying country-specific cointegration tests are independent. Their finding of cointegration does not survive when small sample properties and heterogeneous cross-sectional dependencies are taken into account.
Keywords
Cross-sectional dependence, Panel, Cointegration, Unemployment, Bootstrapping, UNIT-ROOT TESTS, PANEL-DATA, COINTEGRATION, REGRESSION, PPP

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MLA
Berger, Tino, and Gerdie Everaert. “A Replication Note on Unemployment in the OECD since the 1960s: What Do We Know?” EMPIRICAL ECONOMICS, vol. 36, no. 2, PHYSICA-VERLAG GMBH & CO, 2009, pp. 479–85, doi:10.1007/s00181-008-0207-0.
APA
Berger, T., & Everaert, G. (2009). A replication note on unemployment in the OECD since the 1960s: what do we know? EMPIRICAL ECONOMICS, 36(2), 479–485. https://doi.org/10.1007/s00181-008-0207-0
Chicago author-date
Berger, Tino, and Gerdie Everaert. 2009. “A Replication Note on Unemployment in the OECD since the 1960s: What Do We Know?” EMPIRICAL ECONOMICS 36 (2): 479–85. https://doi.org/10.1007/s00181-008-0207-0.
Chicago author-date (all authors)
Berger, Tino, and Gerdie Everaert. 2009. “A Replication Note on Unemployment in the OECD since the 1960s: What Do We Know?” EMPIRICAL ECONOMICS 36 (2): 479–485. doi:10.1007/s00181-008-0207-0.
Vancouver
1.
Berger T, Everaert G. A replication note on unemployment in the OECD since the 1960s: what do we know? EMPIRICAL ECONOMICS. 2009;36(2):479–85.
IEEE
[1]
T. Berger and G. Everaert, “A replication note on unemployment in the OECD since the 1960s: what do we know?,” EMPIRICAL ECONOMICS, vol. 36, no. 2, pp. 479–485, 2009.
@article{975686,
  abstract     = {{Nickell et al. (Econ J 115(500):1-27, 2005) argue that unemployment rates cointegrate with labour market institutions in a panel of OECD countries. This paper replicates their Maddala-Wu panel cointegration test and shows that this test is only valid when (i) the number of countries tends to infinity and (ii) the underlying country-specific cointegration tests are independent. Their finding of cointegration does not survive when small sample properties and heterogeneous cross-sectional dependencies are taken into account.}},
  author       = {{Berger, Tino and Everaert, Gerdie}},
  issn         = {{0377-7332}},
  journal      = {{EMPIRICAL ECONOMICS}},
  keywords     = {{Cross-sectional dependence,Panel,Cointegration,Unemployment,Bootstrapping,UNIT-ROOT TESTS,PANEL-DATA,COINTEGRATION,REGRESSION,PPP}},
  language     = {{eng}},
  number       = {{2}},
  pages        = {{479--485}},
  publisher    = {{PHYSICA-VERLAG GMBH & CO}},
  title        = {{A replication note on unemployment in the OECD since the 1960s: what do we know?}},
  url          = {{http://doi.org/10.1007/s00181-008-0207-0}},
  volume       = {{36}},
  year         = {{2009}},
}

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