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The Asian financial crisis and the natural rate of unemployment: Estimates from a structural VAR for

香港中文大学 辅仁网/2017-07-06

The Asian financial crisis and the natural rate of unemployment: Estimates from a structural VAR for the newly industrializing economies of Asia
Publication in refereed journal


香港中文大学研究人员 ( 现职)
邓克勤教授 (经济学系)


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Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/2Scopus source URL

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摘要We use a structural vector autoregressive model to estimate the natural rate of unemployment for Hong Kong, Korea, Singapore and Taiwan for the period 198http://aims.cuhk.edu.hk/converis/portal/Publication/2-http://aims.cuhk.edu.hk/converis/portal/Publication/2000. Our results show that the dramatic rise in the unemployment rate observed in Hong Kong and Korea was mainly the result of demand shocks rather than structural changes, while in Singapore the unemployment rate rise reflected almost entirely a rise in the natural rate. Taiwan's natural rate has been relatively stable. We offer explanations for these different results in terms of the different economic characteristics (particularly labor market features) of the four countries. ? http://aims.cuhk.edu.hk/converis/portal/Publication/2004 Blackwell Publishing Ltd.

着者Groenewold N., Tang S.H.K.
期刊名称Pacific Economic Review
出版年份http://aims.cuhk.edu.hk/converis/portal/Publication/2004
月份http://aims.cuhk.edu.hk/converis/portal/Publication/2
日期1
卷号9
期次1
出版社Blackwell Publishing Inc.
出版地United Kingdom
页次45 - 64
国际标準期刊号1361-374X
电子国际标準期刊号1468-0106
语言英式英语


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