Long-run unemployment: natural or epiphenomenal?

Simple item page
dc.contributor.advisorMyatt, Anthony
dc.contributor.authorEl Armali, Jafar
dc.date.accessioned2023-03-01T16:19:32Z
dc.date.available2023-03-01T16:19:32Z
dc.date.issued2016
dc.date.updated2023-03-01T15:01:33Z
dc.description.abstractThe “natural rate of unemployment” (NRU) hypothesis has been the dominant hypothesis on long-run unemployment for many decades, despite lots of evidence against it. In this report, the main criticisms of the NRU hypothesis will be surveyed, and an alternative hypothesis – hysteresis – will be presented and explored. This is followed by a survey of the different ways of empirically testing the NRU hypothesis against the hysteresis hypothesis, and the results of these tests. These results show that neither hypothesis has conclusive empirical support. Hence, hysteresis cannot be ignored in favor of the NRU. Finally, we carry out some preliminary tests using provincial unemployment rate data and show that “hysteresis” may be affecting unemployment in most of the provinces.
dc.description.copyright© Jafar El Armali, 2016
dc.description.noteA Report Submitted in Partial Fulfilment of the Requirements for the Degree of Master of Arts in Economics in the Graduate Academic Unit of Department of Economics
dc.formattext/xml
dc.format.extentvi, 67 pages
dc.format.mediumelectronic
dc.identifier.urihttps://unbscholar.lib.unb.ca/handle/1882/13509
dc.language.isoen_CA
dc.publisherUniversity of New Brunswick
dc.rightshttp://purl.org/coar/access_right/c_abf2
dc.subject.disciplineEconomics
dc.titleLong-run unemployment: natural or epiphenomenal?
dc.typemaster thesis
thesis.degree.disciplineEconomics
thesis.degree.fullnameMaster of Arts
thesis.degree.grantorUniversity of New Brunswick
thesis.degree.levelmasters
thesis.degree.nameM.A.

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
item.pdf
Size:
1.57 MB
Format:
Adobe Portable Document Format
Download

Collections

Open Theses & Dissertations