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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
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.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
Panel, Cross-sectional dependence, Cointegration, Unemployment, Bootstrapping, UNIT-ROOT TESTS, PANEL-DATA, COINTEGRATION, REGRESSION, PPP
journal title
EMPIRICAL ECONOMICS
Empir. Econ.
volume
36
issue
2
pages
7 pages
publisher
PHYSICA-VERLAG GMBH & CO
place of publication
HEIDELBERG
Web of Science type
Article
Web of Science id
000264320800013
JCR category
ECONOMICS
JCR impact factor
0.579 (2009)
JCR rank
156/243 (2009)
JCR quartile
3 (2009)
ISSN
0377-7332
DOI
10.1007/s00181-008-0207-0
language
English
UGent publication?
yes
classification
A1
copyright statement
I have transferred the copyright for this publication to the publisher
id
975686
handle
http://hdl.handle.net/1854/LU-975686
alternative location
http://www.springerlink.com/content/w65762l056g47p1t/fulltext.pdf
date created
2010-06-09 15:23:42
date last changed
2010-06-09 16:42:08
@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},
  keyword      = {Panel,Cross-sectional dependence,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://dx.doi.org/10.1007/s00181-008-0207-0},
  volume       = {36},
  year         = {2009},
}

Chicago
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.
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.
Vancouver
1.
Berger T, Everaert G. A replication note on unemployment in the OECD since the 1960s: what do we know? EMPIRICAL ECONOMICS. HEIDELBERG: PHYSICA-VERLAG GMBH & CO; 2009;36(2):479–85.
MLA
Berger, Tino, and Gerdie Everaert. “A Replication Note on Unemployment in the OECD Since the 1960s: What Do We Know?” EMPIRICAL ECONOMICS 36.2 (2009): 479–485. Print.