Is There a Stable Long-run Relationship between Unemployment and Productivity?

• Autorzy: João Tovar Jalles

Warianty tytułu

Czy istnieje stabilny długookresowy związek między bezrobociem a produktywnością?

• Języki publikacji: EN

Abstrakty

EN

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)

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)

Słowa kluczowe

EN

Unemployment; Productivity; Cointegration; Causality

PL

Bezrobocie; Produktywność; Kointegracja; Przyczynowość

• Czasopismo: Comparative Economic Research
• Rocznik: 2015
• Tom: 18
• Numer: nr 2
• Strony: 57--75

Twórcy

autor

João Tovar Jalles

• Nova School of Business and Economics, Portugal

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Identyfikatory

DOI

https://doi.org/10.1515/cer-2015-0012