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Is Labour Productivity interpretive for fluctuations in NAIRU? Panel-VAR evidence from OECD countries
International Journal of Contemporary Economics and Administrative Sciences
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| Title |
Is Labour Productivity interpretive for fluctuations in NAIRU? Panel-VAR evidence from OECD countries
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| Creator |
Mohebi, Mehdi
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| Description |
In this study, the impact of productivity on NAIRU is analysed using 19 OECD countries’ yearly data, for the period of 1997 to 2012. The main purpose of this paper is to scrutinize the reaction of NAIRU in the face of a shock in labour productivity, both in level and its lags as well as, investigating whether productivity has a positive or negative effect on fluctuations in NAIRU in growth framework. Engaging the Panel-Vector Auto-regressive models negatively supports the impact of NAIRU on variation in productivity.
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| Publisher |
International Journal of Contemporary Economics and Administrative Sciences
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| Date |
2017-06-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
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| Identifier |
http://www.ijceas.com/index.php/ijceas/article/view/159
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| Source |
International Journal of Contemporary Economics and Administrative Sciences; Vol 7 No 1-2 (2017); 160-173
1925-4423 |
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| Language |
eng
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| Relation |
http://www.ijceas.com/index.php/ijceas/article/view/159/pdf
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| Rights |
Copyright (c) 2017 International Journal of Contemporary Economics and Administrative Sciences
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