Capital account liberalization and unemployment in industrial countries
Feldmann Horst
Capital account liberalization and unemployment in industrial countries created by Horst Feldmann - Applied economics letters Volume 20, number 5 .
Using data on 21 industrial countries over 1973 to 2005, this article finds that the liberalization of capital accounts implemented during this period has probably reduced unemployment. The magnitude of the estimated effect is substantial. We control for both endogeneity of capital account regulation and all major determinants of unemployment. The results are robust to variations in specification.
13504851
Capital accounty liberalization--Labour market--Capital controls
HB1.A666 APP
Capital account liberalization and unemployment in industrial countries created by Horst Feldmann - Applied economics letters Volume 20, number 5 .
Using data on 21 industrial countries over 1973 to 2005, this article finds that the liberalization of capital accounts implemented during this period has probably reduced unemployment. The magnitude of the estimated effect is substantial. We control for both endogeneity of capital account regulation and all major determinants of unemployment. The results are robust to variations in specification.
13504851
Capital accounty liberalization--Labour market--Capital controls
HB1.A666 APP