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Reports (Research Report) Year : 2011

Short Note on the Unemployment Rate of the French Overseas Regions

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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