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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.

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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.

Details

Item Type Articles
CreatorsFeldmann, H.
DOI10.1016/j.econlet.2012.04.091
DepartmentsFaculty of Humanities & Social Sciences > Economics
RefereedYes
StatusPublished
ID Code30521

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