Real interest rate and labor market performance in developing countries

Horst Feldmann

Economics Letters, 2012, vol. 117, issue 1, 200-203

Abstract: Using data on 68 developing countries from 1979 to 2008 and controlling for a wide array of factors, this paper finds that a rise in the real interest rate increases the unemployment rate and decreases the employment rate. The magnitude of these effects is small. The results are robust to variations in specification.

Keywords: Employment; Real interest rate; Unemployment (search for similar items in EconPapers)
JEL-codes: E24 E40 J64 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:200-203

DOI: 10.1016/j.econlet.2012.04.091

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