Unemployment in Greece: Evidence from Greek regions using panel unit root tests

Bakas, D. ORCID: 0000-0003-4771-4505 and Papapetrou, E., 2014. Unemployment in Greece: Evidence from Greek regions using panel unit root tests. The Quarterly Review of Economics and Finance, 54 (4), pp. 551-562. ISSN 1062-9769

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Abstract

The purpose of the paper is to examine the nature of Greek regional unemployment. The paper contributes to the literature assessing the stochastic properties of Greek unemployment rate in the context of the Greek regions by relying on various univariate and panel unit root tests. In particular, recently developed and more powerful panel unit-root tests that control for structural breaks, heterogeneity and cross-sectional dependence in the panel
are employed. The results show that in all cases, after taking into account the fact that regional unemployment rates in Greece are subject to a structural break, the null hypothesis of a unit root is not rejected, indicating that the Greek regional unemployment series are non-stationary with the presence of a structural break.

Item Type:	Journal article
Publication Title:	The Quarterly Review of Economics and Finance
Creators:	Bakas, D. and Papapetrou, E.
Publisher:	Elsevier
Date:	November 2014
Volume:	54
Number:	4
ISSN:	1062-9769
Identifiers:	Number Type 10.1016/j.qref.2014.03.002 DOI
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	22 Aug 2016 08:52
Last Modified:	09 Jun 2017 14:05
URI:	https://irep.ntu.ac.uk/id/eprint/28335

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