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dc.contributor.authorPehkonen, Jaakko
dc.contributor.authorSala, Hector
dc.contributor.authorSalvador, Pablo
dc.date.accessioned2016-02-23T11:01:24Z
dc.date.available2016-02-23T11:01:24Z
dc.date.issued2011
dc.identifier.citationPehkonen, J., Sala, H., & Salvador, P. (2011). The Nordic expericence revisited: labour market booms and slumps since the 1990s in Finland and Sweden. <em>Journal of Economic Studies</em>, 38 (1), 52-65. <a href="http://dx.doi.org/10.1108/01443581111096141">doi:10.1108/01443581111096141</a>
dc.identifier.otherTUTKAID_46166
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/48902
dc.description.abstractPurpose – This paper aims to provide an account of the unemployment performance of two Nordic countries during their recent labour market booms and slumps. Design/methodology/approach – Based on the empirical models of Karanassou et al., we conduct dynamic simulation exercises and explore the determinants of unemployment. Findings – The analysis yields two main findings. First, the capital stock was the most important determinant of the unemployment trajectory in both countries. This result appears in all periods considered: in the slump of the early 1990s and the boom of the late 1990s, as well as in the stabilisation period of the early 2000s. Second, the role of the foreign sector on the unemployment trajectory was significant in Finland, its quantitative impact being one‐third of the effect for the capital stock in the first and third periods, and half of the latter in the second period. Originality/value – The results illustrate the importance of non‐standard labour market variables in examining unemployment trajectories. The findings call for a wider than usual perspective in trying to solve the unemployment problem.
dc.language.isoeng
dc.publisherEmerald
dc.relation.ispartofseriesJournal of Economic Studies
dc.subject.otherTyömarkkinat
dc.subject.othertyöttömyys
dc.subject.otherlabour market
dc.subject.otherunemployment
dc.titleThe Nordic expericence revisited: labour market booms and slumps since the 1990s in Finland and Sweden
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201602231656
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineTaloustiede
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2016-02-23T10:15:08Z
dc.type.coarjournal article
dc.description.reviewstatuspeerReviewed
dc.format.pagerange52-65
dc.relation.issn0144-3585
dc.relation.volume38
dc.type.versionacceptedVersion
dc.rights.copyright© Emerald Group Publishing Limited. This is a final draft version of an article whose final and definitive form has been published by Emerald. Published in this repository with the kind permission of the publisher.
dc.rights.accesslevelopenAccessfi
dc.relation.doi10.1108/01443581111096141


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