Analysis of the hysteresis of unemployment in Mexico in the face of macroeconomic shocks

José Carlos García, Estefanía Carolina Rivera Hernández and Humberto Ríos Bolívar
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Estefanía Carolina Rivera Hernández: Instituto Politécnico Nacional, México
Humberto Ríos Bolívar: Instituto Politécnico Nacional, México

Contaduría y Administración, 2017, vol. 62, issue 4, 1249-1269

Abstract: This research presents the behavior of the Mexican unemployment rate and shows the dependence with own history and macro variables. The concept of hysteresis or persistence tries to separate this inertia in the unemployment rate and some macroeconomic and endogenous factors. The results show a high inertia in the Mexican labor market, justified by the monetary levels and the dependence of the investment levels, considering the shocks of exports that affect the unemployment in the long term.

Keywords: Hysteresis; Unemployment rate; Monetary policy; Labor market; Econometric methods. (search for similar items in EconPapers)
JEL-codes: B23 E42 J40 J51 J64 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:62:y:2017:i:4:p:1249-1269

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