CEPAL Review

Frequency
3 times a year
ISSN: 
1684-0348 (online)
http://dx.doi.org/10.18356/bf11809a-en
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Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.
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Article
 

An assessment of the dynamics between the permanent and transitory components of Mexico’s output and unemployment You do not have access to this content

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    http://oecd.metastore.ingenta.com/content/282409b9-en.pdf
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Author(s):
Alejandro Islas, Willy W. Cortez
20 Oct 2014
Pages:
15
Bibliographic information
No.:
9,
Volume:
2013,
Issue:
111
Pages:
159–173
http://dx.doi.org/10.18356/282409b9-en

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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.
Also available in Spanish