All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

Fabien Tripier
''The Dynamic Correlation Between Growth and Unemployment''
( 2002, Vol. 5 No.4 )
We apply the measure of dynamic correlation developed by Croux, Forni and Reichlin (2001) [A measure of comovement for economic variables: theory and empirics. Review of Economics and Statistics 83, 232-241] to the relation between the quarterly rates of unemployment and labor productivity growth for the post-war United-States economy. The application of the dynamic correlation reveals that these variables are strongly related, but in a different manner according to the frequencies considered: negatively at low frequencies and positively at business cycle frequencies.
JEL: E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
C1 - Econometric and Statistical Methods: General
Manuscript Received : Dec 11 2001 Manuscript Accepted : Apr 06 2002

  This abstract has been downloaded 2284 times                The Full PDF of this paper has been downloaded 149692 times