Labour Market Institutions and Structural Reforms: A Source for Business Cycle Synchronisation?

Arbeitspapier

We focus on the influence of institutional variables on business cycle synchronisation for 20 OECD countries from 1979 to 2003. More precisely, this paper derives measures for similarity of institutions and structural reforms, and investigates direct and delayed reform effects on synchronisation by applying robustness tests to a panel data framework with bilateral data. Our findings indicate a strong instantaneous relationship between both similarity of institutions as well as common structural reforms and business cycle correlation.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ZEW Discussion Papers ; No. 09-008

Classification and Topics

• Classification: Wirtschaft ; International Policy Coordination and Transmission ; Business Fluctuations; Cycles
• Subject: Business cycle synchronisation ; Institutions ; Structural reforms ; Robustness test ; Konjunkturzusammenhang ; Institutionelle Infrastruktur ; Arbeitsmarktpolitik ; Reform ; Arbeitsmarktflexibilisierung ; OECD-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Schleer, Frauke ; Sachs, Andreas
• Event: Veröffentlichung
• (who): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (where): Mannheim
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/27626
• Last update: 10.03.2025, 11:44 AM CET