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

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  • Mehdi Mohebi

Resumo

   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. 

Biografia Autor

Mehdi Mohebi

University of Tehran, Faculty of Economics

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Publicado

2017-06-30

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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. Obtido de http://ijceas.com/index.php/ijceas/article/view/159

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