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. [Discussion Paper]. London School of Economics and Political Science, Centre for Economic Performance. p. 41. CEP Discussion Papers (No. dp0684). (Submitted)

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Abstract/Index

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


Item Type:Report / Paper (Discussion Paper)
Research documents and activity classification:Working Papers > Non-Refereed Working Papers / of national relevance only
Divisions:Department of Business and Management
Uncontrolled Keywords:Unemployment persistence, unemployment volatility, international capital flows, OECD countries.
MIUR Scientific Area:Area 13 - Economics and Statistics > SECS-P/01 Political Economy
Deposited By:Maria Teresa Nistico
Deposited On:21 Dec 2010 10:08
Last Modified:21 Dec 2010 10:17

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