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Reports (Research Report) Year : 2011

Short Note on the Unemployment Rate of the French Overseas Regions

Claude Lopez
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Abstract

This article analyzes the hysteresis hypothesis in the unemployment rates of the four “French overseas regions” (Guadeloupe, Martinique, Guyana, Reunion) [FORs] over the period 1993-2008. We use standard univariate and panel unit root tests, among them Choi(2006) and Lopez (2009) that account for cross-sectional dependence and have improved performance when the number of countries and the time dimension of the data are limited. Our results cannot reject the null hypothesis of a unit root and so find evidence supporting hysteresis in the unemployment rates for the FORs.

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Dates and versions

hal-01243453 , version 1 (15-12-2015)

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  • HAL Id : hal-01243453 , version 1

Cite

Jean-François Hoarau, Claude Lopez, Michel Paul. Short Note on the Unemployment Rate of the French Overseas Regions. [Research Report] 337, Banque de France. 2011. ⟨hal-01243453⟩
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