Is globalisation taking away jobs? An empirical assessment for advanced economies
Antonia Lòpez-Villavicencio and
Luis Antonio Reyes Ortiz ()
Additional contact information
Antonia Lòpez-Villavicencio: CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique, GATE - Health System Analysis Laboratory - Université de Lyon
Luis Antonio Reyes Ortiz: AFD - Agence française de développement
CEPN Working Papers from HAL
We empirically investigate the link between economic globalisation and unemployment for a sample of 20 OECD countries over the 1981-2013 period. Controlling for the usual determinants of unemployment, our results show that unemployment is related in a complex way to global economic factors. Specifically , we show that outflows of foreign direct investment and restrictions reduce the unemployment rate, whereas capital account openness raises it. We also find that the standard trade openness measure does not explain unemployment in advanced economies. Finally, the increase in the share of China's imports is not to be blamed for slack in Western labour markets. JEL Classification: E24, F62, C33.
Keywords: Macroeconomic Impacts of Globalisation; Unemployment; Panel Data Models (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-int
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01895223
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hal:cepnwp:halshs-01895223
Access Statistics for this paper
More papers in CEPN Working Papers from HAL
Bibliographic data for series maintained by CCSD ().