Real Interest Rate and Labor Market Performance in Developing Countries

H. Feldmann

doi:10.1016/j.econlet.2012.04.091

Real Interest Rate and Labor Market Performance in Developing Countries

H. Feldmann

Department of Economics

Research output: Contribution to journal › Article › peer-review

2 Citations (SciVal)

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 language	English
Pages (from-to)	200-203
Number of pages	4
Journal	Economics Letters
Volume	117
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2012.04.091
Publication status	Published - Oct 2012

UN SDGs

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

SDG 8 Decent Work and Economic Growth

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10.1016/j.econlet.2012.04.091

Cite this

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Real Interest Rate and Labor Market Performance in Developing Countries

Abstract

UN SDGs

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