Labour Market Institutions and Structural Reforms: A Source for Business Cycle Synchronisation?
Frauke Schleer and
Andreas Sachs ()
No 09-008, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research
We focus on the influence of institutional variables on business cycle synchronisation for 20 OECD countries from 1979 to 2003. More precisely, this paper derives measures for similarity of institutions and structural reforms, and investigates direct and delayed reform effects on synchronisation by applying robustness tests to a panel data framework with bilateral data. Our findings indicate a strong instantaneous relationship between both similarity of institutions as well as common structural reforms and business cycle correlation.
Keywords: Business cycle synchronisation; Institutions; Structural reforms; Robustness test (search for similar items in EconPapers)
JEL-codes: E32 F42 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-mac and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) 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:zbw:zewdip:7533
Access Statistics for this paper
More papers in ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().