Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/40159 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorSachs, Andreasen
dc.date.accessioned2010-09-17-
dc.date.accessioned2010-09-22T10:06:55Z-
dc.date.available2010-09-22T10:06:55Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x10-058en
dc.subject.jelC33en
dc.subject.jelE02en
dc.subject.jelE24en
dc.subject.ddc330en
dc.subject.keywordunemploymenten
dc.subject.keywordinstitutionsen
dc.subject.keywordlabor and product marketsen
dc.subject.keywordmodel averagingen
dc.subject.stwArbeitslosigkeiten
dc.subject.stwArbeitsmarktflexibilisierungen
dc.subject.stwRegulierungen
dc.subject.stwInstitutionalismusen
dc.subject.stwPanelen
dc.subject.stwModell-Spezifikationen
dc.subject.stwBayes-Statistiken
dc.subject.stwSchätzungen
dc.subject.stwOECD-Staatenen
dc.titleA Bayesian approach to determine the impact of institutions on the unemployment rate-
dc.type|aWorking Paperen
dc.identifier.ppn635312107en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:10058en

Files in This Item:
File
Size
282.81 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.