Capital Account Liberalization and Unemployment in Industrial Countries

Horst Feldmann

doi:10.1080/13504851.2012.718058

Capital Account Liberalization and Unemployment in Industrial Countries

Horst Feldmann

Department of Economics

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Abstract

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.

Original language	English
Pages (from-to)	566-571
Journal	Applied Economics Letters
Volume	20
Issue number	6
DOIs	https://doi.org/10.1080/13504851.2012.718058
Publication status	Published - 1 Apr 2013

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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10.1080/13504851.2012.718058

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Capital Account Liberalization and Unemployment in Industrial Countries

Abstract

UN SDGs

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