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Title:Labour Market Institutions and Structural Reforms: A Source for Business Cycle Synchronisation? PDF Logo
Authors:Schleer, Frauke
Sachs, Andreas
Issue Date:2009
Series/Report no.:ZEW Discussion Papers 09-008
Abstract:We focus on the influence of institutional variables on business cycle synchronisation for 20 OECD countries from 1979 to 2003. More precisely, this paper derives measures for similarity of institutions and structural reforms, and investigates direct and delayed reform effects on synchronisation by applying robustness tests to a panel data framework with bilateral data. Our findings indicate a strong instantaneous relationship between both similarity of institutions as well as common structural reforms and business cycle correlation.
Subjects:Business cycle synchronisation
Institutions
Structural reforms
Robustness test
JEL:F42
E32
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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