Artikel
Is there a stable long-run relationship between unemployment and productivity?
This paper assesses whether productivity and unemployment have a stable long-run relationship. We explore a panel of 19 OECD countries between 1970 and 2012 and rely on recently developed time series econometric methods. Our findings suggest that unemployment and productivity are non-stationary in levels and in many individual cases these series are cointegrated, even after accounting for possible structural breaks. For many individual countries the long-run effect seems to be generally positive. There is also evidence of two-way causality, but the stronger directional relationship runs from unemployment to productivity.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Comparative Economic Research. Central and Eastern Europe ; ISSN: 2082-6737 ; Volume: 18 ; Year: 2015 ; Issue: 2 ; Pages: 57-75 ; Warsaw: De Gruyter
- Klassifikation
-
Wirtschaft
- Thema
-
stationarity
structural breaks
cointegration
DOLS
Granger causality
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jalles, João Tovar
- Ereignis
-
Veröffentlichung
- (wer)
-
De Gruyter
- (wo)
-
Warsaw
- (wann)
-
2015
- DOI
-
doi:10.1515/cer-2015-0012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Jalles, João Tovar
- De Gruyter
Entstanden
- 2015
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