TY - JOUR
T1 - Capital account liberalization and unemployment in industrial countries
AU - Feldmann, Horst
PY - 2013/4/1
Y1 - 2013/4/1
N2 - Using data on 21 industrial countries over 1973 to 2005, this article finds that the liberalization of capital accounts implemented during this period has probably reduced unemployment. The magnitude of the estimated effect is substantial. We control for both endogeneity of capital account regulation and all major determinants of unemployment. The results are robust to variations in specification.
AB - Using data on 21 industrial countries over 1973 to 2005, this article finds that the liberalization of capital accounts implemented during this period has probably reduced unemployment. The magnitude of the estimated effect is substantial. We control for both endogeneity of capital account regulation and all major determinants of unemployment. The results are robust to variations in specification.
UR - http://www.scopus.com/inward/record.url?scp=84867191339&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1080/13504851.2012.718058
U2 - 10.1080/13504851.2012.718058
DO - 10.1080/13504851.2012.718058
M3 - Article
SN - 1350-4851
VL - 20
SP - 566
EP - 571
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 6
ER -
