Merger activity and unemployment in the USA

Kamal Upadhyaya and Franklin Mixon

Applied Economics Letters, 2003, vol. 10, issue 11, 705-707

Abstract: This article presents estimates of the effect of merger activity on the unemployment rate in the US economy using time-series data from 1895 to 1992. Utilizing the methodology suggested by Wickens and Breusch (Economic Journal, Supplement, 189-205, 1988), both the short-run and long-run impacts are estimated. The estimated results suggest that merger activity had a significant negative effect on the unemployment rate in the long run. Even in the short run, merger activity, at the margin, has helped to reduce the unemployment rate.

Date: 2003
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DOI: 10.1080/1350485032000136342

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