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This paper investigates output convergence for the G7 countries using multivariate time series techniques. We consider both the null hypotheses of no convergence and convergence. It is shown that inferences on output convergence depend on which one of the two null hypotheses is considered....
Persistent link: https://www.econbiz.de/10005181495
-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus …
Persistent link: https://www.econbiz.de/10005196314
This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment with ex-ante identical workers and employers. Workers under fixed-term contracts can be dismissed at no cost while permanent employees enjoy labor protection. In a labor market...
Persistent link: https://www.econbiz.de/10008511611
application of law may not be even-handed. Based on a simple theoretical model and a new panel data set, we identify a nomination … unemployment, even after controlling for the endogeneity of court activity. The results have potentially important policy …
Persistent link: https://www.econbiz.de/10005765647
. Empirical analyses of cross-section and panel samples of job-seekers from the Italian quarterly Labour Force Survey clarify the …
Persistent link: https://www.econbiz.de/10005765669
The Finnish unemployment rose in the early 1990’s from three to eighteen percent in four years. Unemployment has then … this unforeseen increase in unemployment. We then discuss the role of labour market institutions in the adjustment process … that has brought unemployment back to ‘normal’ levels. We argue that these institutions cannot be blamed for the increase …
Persistent link: https://www.econbiz.de/10005765692
rates are consistent with weakly increasing returns in matching. The resulting equilibrium is not efficient. Unemployment …
Persistent link: https://www.econbiz.de/10005765705
Empirical evidence reveals that unemployment tends to increase property crime but that it has no effect on violent …. Unemployment increases the relative attractiveness of large and less violent gangs engaging more in property crime. …
Persistent link: https://www.econbiz.de/10005765848
Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …
Persistent link: https://www.econbiz.de/10005765920
By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …
Persistent link: https://www.econbiz.de/10005766044