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This paper studies the relationship between the change in the unemployment rate and output growth using an approach based on labor market flows. The framework shows why the Okun coefficient may be constant/time-varying and/or symmetric/asymmetric and that the outcome lies with the behavior of...
Persistent link: https://www.econbiz.de/10011940045
TWFE panel data Difference-in-Differences (DID) model to define the correct statistical framework of the study, and to …
Persistent link: https://www.econbiz.de/10014563801
The present research provides evidence on the determinants driving the differences in the unemployment-output relationship in Spanish regions. We followed a two-step approach. First, we estimated a set of time-varying Okun’s coefficients (rolling-window) for the autonomous communities in Spain...
Persistent link: https://www.econbiz.de/10012129903
When job search takes place across labour markets, the standard flow approach to labour market analysis fails to uncover the effectiveness at which workers are matched to available jobs. A spatially augmented matching function is backed by a spatial search model with endogenous search intensity....
Persistent link: https://www.econbiz.de/10003387131
Persistent link: https://www.econbiz.de/10009758712
constant unemployment rate, through the notion of Harrod's natural growth rate and Okun's Law. Kalman filter estimation allows …
Persistent link: https://www.econbiz.de/10011817064
models describe mappings from a latent distribution to an observed distribution. The identification and estimation of … heterogeneity or unobserved state variables and panel data models with fixed effects. Recent developments in measurement error …
Persistent link: https://www.econbiz.de/10010469057
We investigate the relationship between unemployment and growth in China. We find considerable differences in the nature of this relationship across Chinese regions. We argue that this may reflect the different progress in transition across regions, in line with the Aghion-Blanchard model of...
Persistent link: https://www.econbiz.de/10010189833
This paper analyzes determinants for regional differences in German unemployment rates. We specify a spatial panel … panel model is the best model for this analysis. Furthermore, we find that German regional unemployment is of disequilibrium … nature, which justifies political interventions. -- regional unemployment ; spatial dependence ; spatial panel models …
Persistent link: https://www.econbiz.de/10009511323
regional new business formation. Using panel data from all 402 German counties for 1996-2011, we estimate dynamic spatial panel …
Persistent link: https://www.econbiz.de/10011558661