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Capital mobility and unemployment dynamics: evidence from a panel of OECD countries

Vallanti, Giovanna (2005) Capital mobility and unemployment dynamics: evidence from a panel of OECD countries. CEPDP, 684. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753018233

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Identification Number: 684

Abstract

We use a panel of 20 OECD countries over a 30-year period to estimate the implications of international capital mobility for unemployment. We find that the increase in capital flows since the mid1980s has contributed to an amplification of the impulse response of unemployment to country-specific shocks and to a fall in the persistence of unemployment in response to the same shocks.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 2005 Giovanna Vallanti
Subjects: H Social Sciences > HD Industries. Land use. Labor
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 24 Jul 2008 08:59
Last Modified: 01 Oct 2010 09:13
URI: http://eprints.lse.ac.uk/id/eprint/19897

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