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The aim of this paper is to study the interdependence of military spending between US and a panel of European countries in the period 1988-2013. The empirical estimation is based on a: (i) a unit root tests and a cointegration analysis; (ii) FMOLS and DOLS estimations. General results highlight...
Persistent link: https://www.econbiz.de/10013022255
While unemployment rates in Europe declined after the global financial crisis until 2018/2019, the incidence of long …-term unemployment, the share of people who have been unemployed for >1 year to the total unemployed, remained high. Moreover, the COVID …-19 pandemic could aggravate the long-term unemployment. This paper explores the factors associated with long …
Persistent link: https://www.econbiz.de/10012545022
unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …
Persistent link: https://www.econbiz.de/10011437769
, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … the unemployment rate in the VAR model. …
Persistent link: https://www.econbiz.de/10013168711
between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked … lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …
Persistent link: https://www.econbiz.de/10011877095
This paper provides robust estimates of the impact of both product and labor market regulations on unemployment using … set of covariates, results show that product market deregulation overall reduces the unemployment rate. This finding is … effect: deregulation of state controls and in particular involvement in business operations tend to push up the unemployment …
Persistent link: https://www.econbiz.de/10012144890
more of them are residing with their parents. The unemployment rate at 23-27 years old for the 1996 college graduation … explain two thirds of the rise in unemployment and coresidence between the 2013 and 1996 graduation cohorts. Rising wage … dispersion is also important for the increase in unemployment, while declining parental income, rising student loan balances and …
Persistent link: https://www.econbiz.de/10013347059
-2019 period, we use Bayesian Model Averaging and quantile regression to assess notably the relevance of unemployment and earnings …. Moreover, one percentage point increase in the difference in the unemployment rate is associated with an increase in net …
Persistent link: https://www.econbiz.de/10013463673
This article addresses the problem of the main factors driving sectoral unemployment in the Mediterranean countries … that they are dealing with the highest unemployment rates in the European Union and a certain typology of the economic … labour market mismatches on the unemployment rate at six economic sectors level. Our paper makes three contributions to the …
Persistent link: https://www.econbiz.de/10012174872
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …
Persistent link: https://www.econbiz.de/10015052585