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arXiv 2007.12007econ.GNq-fin.EC
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欧盟经济金融危机与失业率的关系--制度如何影响其联动

The Relationship between the Economic and Financial Crises and Unemployment Rate in the European Union -- How Institutions Affected Their Linkage

Ionut Jianu

摘要:

本文旨在评估经济和金融危机对欧盟失业率的影响,同时考虑到制度的特殊性,因为失业是经济和金融危机影响社会发展的主要渠道。在这种情况下,我根据其包容性或提取性制度特征进行了两个制度集群,在每种情况下,我计算了2003-2017年期间危机对失业率的影响。两种模型均采用面板估计广义最小二乘法进行估计,并通过周期SUR选项进行加权,以提前消除模型可能存在的不便。事实证明,这些机构是一个相关的标准,决定了经济和金融危机对失业率的影响,这突出表明,具有包容性机构的国家比具有采掘性机构的国家更不易受到经济冲击的影响,也更有复原力。研究还发现,制度的质量对失业率对驱动因素动态的反应有显著影响。

英文摘要:

This paper aims to estimate the impact of economic and financial crises on the unemployment rate in the European Union, taking also into consideration the institutional specificities, since unemployment was the main channel through which the economic and financial crisis influenced the social developments.. In this context, I performed two institutional clusters depending on their inclusive or extractive institutional features and, in each cases, I computed the crisis effect on unemployment rate over the 2003-2017 period. Both models were estimated by using Panel Estimated Generalized Least Squares method, and are weighted by Period SUR option in order to remove, in advance the possible inconveniences of the models. The institutions proved to be a relevant criterion that drives the impact of economic and financial crises on the unemployment rate, highlighting that countries with inclusive institutions are less vulnerable to economic shocks and are more resilient than countries with extractive institutions. The quality of institutions was also found to have a significant effect on the response of unemployment rate to the dynamic of its drivers.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

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