Unemployment Revisited: Empirical Evidence from 20 OECD Countries

Posted: 22 Jun 2009

See all articles by Constantinos Alexiou

Constantinos Alexiou

Aristotle University of Thessaloniki; University of London - School of Economics and Finance

Persefoni Tsaliki

Aristotle University of Thessaloniki

Date Written: June 2009

Abstract

The undertaken paper attempts to gain further insight into a string of factors thought to condition unemployment. By exposing the theoretical arguments of the Keynesian Neoclassical and radical/Marxian approaches we empirically estimate a hybrid unemployment equation, the generated evidence of which appears to be in line with both the Keynesian and Marxian tradition. For the empirical investigation, dynamic panel data analysis is applied to 20 OECD countries for the period 1970-2003.

Keywords: E11, E12, E13, E24, C51

Suggested Citation

Alexiou, Constantinos and Tsaliki, Persefoni, Unemployment Revisited: Empirical Evidence from 20 OECD Countries (June 2009). Contributions to Political Economy, Vol. 28, Issue 1, pp. 23-34, 2009, Available at SSRN: https://ssrn.com/abstract=1422389 or http://dx.doi.org/bzp005

Constantinos Alexiou (Contact Author)

Aristotle University of Thessaloniki ( email )

Thessaloniki
Greece

University of London - School of Economics and Finance ( email )

Mile End Road
London, E1 4NS
United Kingdom

Persefoni Tsaliki

Aristotle University of Thessaloniki ( email )

Thessaloniki
Greece

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