Labour market institutions and structural reforms : a source for business cycle synchronisation?


Sachs, Andreas ; Schleer, Frauke


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URL: http://ub-madoc.bib.uni-mannheim.de/2304
URN: urn:nbn:de:bsz:180-madoc-23040
Document Type: Working paper
Year of publication: 2009
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: F42 E32 ,
Subject headings (SWD): OECD , Internationaler Konjunkturzusammenhang , Infrastruktur , Arbeitsmarktpolitik , Reform , Arbeitsmarkt , Flexibilität
Keywords (English): Business cycle synchronisation , Institutions , Structural reforms , Robustness test
Abstract: We focus on the influence of institutional variables on business cycle synchronisation for 20 OECD countries from 1979 to 2003. More precisely, this paper derives measures for similarity of institutions and structural reforms, and investigates direct and delayed reform effects on synchronisation by applying robustness tests to a panel data framework with bilateral data. Our findings indicate a strong instantaneous relationship between both similarity of institutions as well as common structural reforms and business cycle correlation.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Sachs, Andreas ; Schleer, Frauke (2009) Labour market institutions and structural reforms : a source for business cycle synchronisation? Open Access [Working paper]
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