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dc.contributor.authorSachs, Andreasen_US
dc.date.accessioned2010-09-17en_US
dc.date.accessioned2010-09-22T10:06:55Z-
dc.date.available2010-09-22T10:06:55Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/40159-
dc.description.abstractLabor 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.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 10-058en_US
dc.subject.jelC33en_US
dc.subject.jelE02en_US
dc.subject.jelE24en_US
dc.subject.ddc330en_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordinstitutionsen_US
dc.subject.keywordlabor and product marketsen_US
dc.subject.keywordmodel averagingen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwArbeitsmarktflexibilisierungen_US
dc.subject.stwRegulierungen_US
dc.subject.stwInstitutionalismusen_US
dc.subject.stwPanelen_US
dc.subject.stwModell-Spezifikationen_US
dc.subject.stwBayes-Statistiken_US
dc.subject.stwSchätzungen_US
dc.subject.stwOECD-Staatenen_US
dc.titleA Bayesian approach to determine the impact of institutions on the unemployment rateen_US
dc.typeWorking Paperen_US
dc.identifier.ppn635312107en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:10058-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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