Is Labour Productivity interpretive for fluctuations in NAIRU? Panel-VAR evidence from OECD countries

  • Mehdi Mohebi

Abstract

   In this study, the impact of productivity on NAIRU is analysed using 19 OECD countries’ yearly data, for the period of 1997 to 2012. The main purpose of this paper is to scrutinize the reaction of NAIRU in the face of a shock in labour productivity, both in level and its lags as well as, investigating whether productivity has a positive or negative effect on fluctuations in NAIRU in growth framework. Engaging the Panel-Vector Auto-regressive models negatively supports the impact of NAIRU on variation in productivity. 

Author Biography

Mehdi Mohebi
University of Tehran, Faculty of Economics
Published
2017-06-30
How to Cite
Mohebi, M. (2017). Is Labour Productivity interpretive for fluctuations in NAIRU? Panel-VAR evidence from OECD countries. International Journal of Contemporary Economics and Administrative Sciences, 7(1-2), 160-173. Retrieved from http://ijceas.com/index.php/ijceas/article/view/159
Section
Articles