Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/184354 
Year of Publication: 
2015
Citation: 
[Journal:] Comparative Economic Research. Central and Eastern Europe [ISSN:] 2082-6737 [Volume:] 18 [Issue:] 2 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2015 [Pages:] 57-75
Publisher: 
De Gruyter, Warsaw
Abstract: 
This paper assesses whether productivity and unemployment have a stable long-run relationship. We explore a panel of 19 OECD countries between 1970 and 2012 and rely on recently developed time series econometric methods. Our findings suggest that unemployment and productivity are non-stationary in levels and in many individual cases these series are cointegrated, even after accounting for possible structural breaks. For many individual countries the long-run effect seems to be generally positive. There is also evidence of two-way causality, but the stronger directional relationship runs from unemployment to productivity.
Subjects: 
stationarity
structural breaks
cointegration
DOLS
Granger causality
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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