Real interest rate and labor market performance in developing countries

Reference:

Feldmann, H., 2012. Real interest rate and labor market performance in developing countries. Economics Letters, 117 (1), pp. 200-203.

Related documents:

Official URL:

http://dx.doi.org/10.1016/j.econlet.2012.04.091

Abstract

Using data on 68 developing countries from 1979 to 2008 and controlling for a wide array of factors, this paper finds that a rise in the real interest rate increases the unemployment rate and decreases the employment rate. The magnitude of these effects is small. The results are robust to variations in specification.

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