Özet:

The analysis of the time series properties of unemployment is crucial both for understanding the effects of shocks and for evaluating the effects of stabilization policies. In this context, the analysis of the short run and long run dynamics of the behaviour of unemployment is among the important areas of research in macroeconomics. The traditional unit root tests which determine whether a time series is stationary or non-stationary limit the dynamic properties of the series. In this study, the long memory property of unemployment is examined by the fractional integration analysis, in this respect; the validity of the hysteresis hypothesis is investigated for Turkey by using the monthly data for the period 2005:01 - 2016:09. According to the results of the study, it is observed that the unemployment in Turkey is mean-reverting in the long run and has a persistent structure during the period considered. As for the validity of the hysteresis hypothesis any findings could not be obtained

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