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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/40159
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Sachs, Andreas | | en_US |
| dc.date.accessioned | | 2010-09-17 | | en_US |
| dc.date.accessioned | | 2010-09-22T10:06:55Z | | - |
| dc.date.available | | 2010-09-22T10:06:55Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/40159 | | - |
| dc.description.abstract | | Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however, have yet to establish an unequivocal significance of this impact. Model mis-specification, one of the main underlying problems, is overcome by adopting a Bayesian Model Averaging approach. I apply this method to a panel data set that covers 17 OECD countries for the time period from 1982 to 2005 and for up to 20 potential explanatory variables. 8 institutional indicators are identified as significant determinants of unemployment. Endogeneity due to reverse causality is also considered by applying an instrumental variable estimation approach. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim | | en_US |
| dc.relation.ispartofseries | | ZEW Discussion Papers 10-058 | | en_US |
| dc.subject.jel | | C33 | | en_US |
| dc.subject.jel | | E02 | | en_US |
| dc.subject.jel | | E24 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | unemployment | | en_US |
| dc.subject.keyword | | institutions | | en_US |
| dc.subject.keyword | | labor and product markets | | en_US |
| dc.subject.keyword | | model averaging | | en_US |
| dc.subject.stw | | Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Arbeitsmarktflexibilisierung | | en_US |
| dc.subject.stw | | Regulierung | | en_US |
| dc.subject.stw | | Institutionalismus | | en_US |
| dc.subject.stw | | Panel | | en_US |
| dc.subject.stw | | Modell-Spezifikation | | en_US |
| dc.subject.stw | | Bayes-Statistik | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | OECD-Staaten | | en_US |
| dc.title | | A Bayesian approach to determine the impact of institutions on the unemployment rate | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 635312107 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| dc.identifier.repec | | RePEc:zbw:zewdip:10058 | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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