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). London School of Economics and Political Science. Centre for Economic Performance, London, UK. ISBN 0753018233

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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
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HD Industries. Land use. Labor
JEL classification:	F - International Economics > F1 - Trade > F15 - Economic Integration E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation) E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment; Long-Term Capital Movements
Date Deposited:	24 Jul 2008 08:59
Last Modified:	13 Sep 2024 19:56
URI:	http://eprints.lse.ac.uk/id/eprint/19897

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