We study the relationship between hours worked and technology during the postwar period in the US. We show that the responses of hours to technological improvements have increased over time, and that the patterns captured by the SVAR are consistent with those obtained from an RBC model with a...

In this paper the dynamic responses of labor markets to macroeconomic shocks in eight CEE countries are empirically analyzed in panel SVECM. Identification of shocks, interpreted as real wage, productivity, labor demand and supply shocks, is based on DSGE model with labor market explicitly...

This paper aims at assessing how offenders allocate their effort amongst several crime typologies. Specifically, complementary and substitution effects are tested amongst number of recorded crimes. Furthermore, the extent to which crime is detrimental for economic growth is also tested. The case...

Unlike usual estimation techniques, we follow Clark (1989) to estimate the correlation between the transitory components of unemployment and output as part of a system of correlations between the permanent and transitory components of both series. This model provides better estimate of the...

In this paper we analyze the effects of a monetary policy shock on Mexican unemployment rates. Unlike previous studies we re-estimate unemployment rates so that these alternative rates are comparable to those of the OECD member countries. We find that in response to tightening monetary policy,...

The aim of this paper is to test the relationship between unemployment and the effective factors in the Syrian Arab Republic (S. A. R.). For that, this paper will analyses the unemployment available data and use the cointegration method. The paper says that unemployment in S.A.R. is a structural...

This paper aims at assessing how offenders allocate their effort amongst several crime typologies. Specifically, complementary and substitution effects are tested amongst number of recorded crimes. Furthermore, the extent to which crime is detrimental for economic growth is also tested. The case...

The primary objective of this paper is to investigate the relationship between foreign direct investment, domestic investment and unemployment in South Africa. Our mode of empirical investigation is the autoregressive distributive lag (ARDL) cointegration model which provides the advantage of...

A provincial analysis of Okun’s law in South Africa is provided in this article over a period of 1996 to 2016. Empirically, we rely on the nonlinear autoregressive distributive lag (N-ARDL) model whilst the Corbae-Ouliaris filter is used to extract the ‘gap’ variables required for our...

This paper presents an analysis as to whether or not there has been a structural break of Okun’s Law, and if so, how many, when and what kind of break, using Bayesian methods via MCMC (Markov Chain Monte Carlo) simulation for the Japanese data from 1961Q1 to 2001Q1. In addition, it identifies...