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Hysteresis in metropolitan and southeastern areas of South Korea

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  • Hysteresis in metropolitan and southeastern areas of South Korea
  • Jo, Hyun Jin; Kim, GiSeung
  • The Association of Korean Economic Studies


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Title Hysteresis in metropolitan and southeastern areas of South Korea
Similar Titles
Material Type Articles
Author(English)

Jo, Hyun Jin; Kim, GiSeung

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2014-12
Journal Title; Vol./Issue Korea and the World Economy:vol. 15(no. 3)
Pages 25
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Social Development < Employment
Holding AKES

Abstract

This study examines metropolitan area and southeastern area of South Korea for existence of hysteresis. When an economic crisis occurs, the labor market receives a shock and these shocks have a tendency to persist after resolving the crisis. It is called ‘hysteresis’. Hysteresis analysis was done in two ways of ADF unit root test and Zivot and Andrews unit root test with structural changes. The data used in this research is employment/unemployment rates of age, gender and education etc. The hysteresis of labor market in metropolitan area and southeast area is not confirmed. But we should not judge easily that these results indicate there is no need for an intervention of policy in labor market.