Unemployment dynamics with international capital mobility
نویسندگان
چکیده
منابع مشابه
Unemployment dynamics with international capital mobility
We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high capital mobility and low labour mobility. We show that high capital mobility amplifies the impact on the domestic unemployment rate of domestic fluctuations in total factor productivity, shortens the lag of the response to shocks and raises the variability of unemployment. But ave...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2007
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2005.11.005