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Autor
Jalles João Tovar (Nova School of Business and Economics, Portugal)
Tytuł
Is There a Stable Long-run Relationship between Unemployment and Productivity?
Czy istnieje stabilny długookresowy związek między bezrobociem a produktywnością?
Źródło
Comparative Economic Research, 2015, vol. 18, nr 2, s. 57-75, tab., bibliogr. 42 poz.
Słowa kluczowe
Produktywność, Kointegracja, Przyczynowość, Bezrobocie
Productivity, Cointegration, Causality, Unemployment
Uwagi
summ., streszcz.
Abstrakt
Artykuł jest próbą ustalenia czy istnieje stabilny długookresowy związek między produktywnością a bezrobociem, Badania obejmują dane dotyczące 19 państw OECD, pochodzące z lat 1970-2012 i są oparte o najnowsze ekonometryczne metody analizy szeregów czasowych. Wyniki badań wskazują, że poziomy bezrobocia i produktywności cechują się niestacjonarnością a w licznych indywidualnych przypadkach szeregi te są skointegrowane, nawet po uwzględnieniu możliwych załamań strukturalnych. W przypadku wielu indywidualnych państw efekty długoterminowe wydają się być generalnie pozytywne. Istnieją również dowody występowania przyczynowości dwukierunkowej, ale silniejszy ukierunkowany związek zachodzi między bezrobociem a produktywnością. (abstrakt oryginalny)

This paper assesses whether productivity and unemployment have a stable long-run relationship. We explore a panel of 19 OECD countries between 1970 and 2012 and rely on recently developed time series econometric methods. Our findings suggest that unemployment and productivity are non-stationary in levels and in many individual cases these series are cointegrated, even after accounting for possible structural breaks. For many individual countries the long-run effect seems to be generally positive. There is also evidence of two-way causality, but the stronger directional relationship runs from unemployment to productivity. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Pełny tekst
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Bibliografia
Pokaż
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Cytowane przez
Pokaż
ISSN
1508-2008
Język
eng
URI / DOI
https://doi.org/10.1515/cer-2015-0012
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