TY - JOUR
T1 - Real interest rate and labor market performance in developing countries
AU - Feldmann, H.
PY - 2012/10
Y1 - 2012/10
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84861475126&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1016/j.econlet.2012.04.091
U2 - 10.1016/j.econlet.2012.04.091
DO - 10.1016/j.econlet.2012.04.091
M3 - Article
VL - 117
SP - 200
EP - 203
JO - Economics Letters
JF - Economics Letters
IS - 1
ER -