TY - BOOK AU - Feldmann Horst TI - Capital account liberalization and unemployment in industrial countries SN - 13504851 AV - HB1.A666 APP PY - 2013/// CY - New York PB - Taylor and Francis KW - Capital accounty liberalization KW - Capital controls KW - Labour market N2 - 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 UR - https://doi.org/10.1080/13504851.2012.718058 ER -