An assessment of the dynamics between the permanent and transitory components of Mexico's output and unemployment
2014-09-08T15:10:25Z
9
LC/G.2597-P
Previous studies about the relationship between the cyclical components of Mexico's
output and unemployment suggest that it closely resembles that found in the
economy of the United States of America. This would indicate that the dynamics
between output and labour markets in the two economies are rather similar. However,
these estimates are puzzling for they do not correspond to a characterization made
to Mexico's labour market. Using a methodology first proposed by Clark (1989),
we find that the correlation between the transitory components of output and
unemployment is much lower than previously thought.
Includes bibliography.
Comisión Económica para América Latina y el Caribe (CEPAL) - Biblioteca Hernán Santa Cruz
Héctor Aracena
Biblioteca CEPAL, Edificio Naciones Unidas, Av. Dag Hammarskjold 3477, Santiago, Chile
(+56-2) 2210-2337