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dc.contributor.authorAzariadis, Costasen
dc.contributor.authorPissarides, Christopher A.en
dc.creatorAzariadis, Costasen
dc.creatorPissarides, Christopher A.en
dc.date.accessioned2019-05-03T05:21:50Z
dc.date.available2019-05-03T05:21:50Z
dc.date.issued2007
dc.identifier.urihttp://gnosis.library.ucy.ac.cy/handle/7/47130
dc.description.abstractWe study the response of domestic unemployment rates to shocks in total factor productivity for economies with high capital mobility and low labour mobility. We show that high capital mobility amplifies the impact on the domestic unemployment rate of domestic fluctuations in total factor productivity, shortens the lag of the response to shocks and raises the variability of unemployment. But average unemployment is unaffected. Capital flows increase the riskiness of labour income and reduce the riskiness of capital income but do not reduce mean welfare. © 2006 Elsevier B.V. All rights reserved.en
dc.language.isoengen
dc.sourceEuropean Economic Reviewen
dc.subjectcapital flowen
dc.subjectForeign direct investmenten
dc.subjectInternational capital mobilityen
dc.subjectlabor mobilityen
dc.subjecttotal factor productivityen
dc.subjectunemploymenten
dc.subjectUnemployment fluctuationsen
dc.titleUnemployment dynamics with international capital mobilityen
dc.typeinfo:eu-repo/semantics/article
dc.identifier.doi10.1016/j.euroecorev.2005.11.005
dc.description.volume51
dc.description.startingpage27
dc.description.endingpage48
dc.author.facultyΣχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management
dc.author.departmentΤμήμα Οικονομικών / Department of Economics
dc.type.uhtypeArticleen
dc.contributor.orcidPissarides, Christopher A. [0000-0002-0695-058X]
dc.description.totalnumpages27-48
dc.gnosis.orcid0000-0002-0695-058X


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