Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/27357 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorStockhammer, Engelberten
dc.contributor.authorKlär, Eriken
dc.date.accessioned2008-12-03-
dc.date.accessioned2009-08-06T13:20:34Z-
dc.date.available2009-08-06T13:20:34Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/27357-
dc.description.abstractAccording to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the medium run. The actual empirical explanatory power of measures for labour market institutions, however, has been called into question recently (Baker et al 2005, Baccaro and Rei 2007). The Keynesian view holds periods of high real interest rates and insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid little attention to role of LMI. This paper contributes to the debate by highlighting the role of autonomous changes in capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital accumulation, labour market institutions and a number of macroeconomic shocks in a panel analysis covering 20 OECD countries. The economic effects of institutional changes, variations in capital accumulation and other macro shocks are compared. Capital accumulation and the real interest rate are found to have statistically significant effects that are robust to the inclusion of control variables and show larger effects than LMI.en
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x834en
dc.subject.jelE12en
dc.subject.jelE20en
dc.subject.jelE24en
dc.subject.jelE60en
dc.subject.ddc330en
dc.subject.keywordUnemploymenten
dc.subject.keywordNAIRUen
dc.subject.keywordcapital accumulationen
dc.subject.keywordlabour market institutionsen
dc.subject.keywordKeynesian economicsen
dc.subject.stwArbeitslosigkeiten
dc.subject.stwNatürliche Arbeitslosigkeiten
dc.subject.stwInvestitionen
dc.subject.stwMakroökonomischer Einflussen
dc.subject.stwSchocken
dc.subject.stwArbeitsmarktflexibilisierungen
dc.subject.stwOECD-Staatenen
dc.titleCapital accumulation, labour market institutions, and unemployment in the medium run-
dc.type|aWorking Paperen
dc.identifier.ppn587119535en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp834en

Datei(en):
Datei
Größe
448.06 kB





Publikationen in EconStor sind urheberrechtlich geschützt.