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Can the informal sector affect the relationship between unemployment and output? An analysis of the Mexican case / Alejandro Islas-Camargo and Willy W. Cortez.
- Format:
- Book
- Government document
- Author/Creator:
- Islas-Camargo, Alejandro.
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource (17 pages)
- Contained In:
- CEPAL Review Vol. 2018, no. 126, p. 137-153 2018:126<137 16840348
- Place of Publication:
- New York : United Nations, 2019.
- System Details:
- text file
- Summary:
- A key aspect of developing countries is the existence of a large informal sector. In the present paper, we analyse the effect of this feature on the relationship between unemployment changes and output growth for Mexico, a country characterized by the existence of a large informal sector. Following recent studies on Okun's coefficient, we first test whether the relationship between the cyclical components of unemployment and output is asymmetric. We then explore the possibility that this non-linear relationship may be affected by changes in the informal sector. Our results indicate that there is evidence of an asymmetric relationship between the cyclical components.
- Access Restriction:
- Restricted for use by site license.
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