Capital mobility and unemployment dynamics: evidence from a panel of OECD countries

Giovanna Vallanti

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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

Keywords: unemployment persistence; unemployment volatility; international capital flows; OECD countries (search for similar items in EconPapers)
JEL-codes: E24 E32 F15 F21 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2005-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://eprints.lse.ac.uk/19897/ Open access version. (application/pdf)

Related works:
Working Paper: Capital Mobility and Unemployment Dynamics: Evidence from a Panel of OECD Countries (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:19897

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