Real interest rate and labor market performance in developing countries

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Abstract

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.
Original languageEnglish
Pages (from-to)200-203
Number of pages4
JournalEconomics Letters
Volume117
Issue number1
DOIs
Publication statusPublished - Oct 2012

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