Globalisation, economic uncertainty and labour market regulations: Implications for the COVID‐19 crisis

Autor:	Giray Gozgor, Jianchun Fang, James H. Nolt
Rok vydání:	2021
Předmět:	Economics and Econometrics Coronavirus disease 2019 (COVID-19) Economic uncertainty Original Articles globalisation economic uncertainty Globalization labour market regulations Market economy Accounting Political Science and International Relations Economics F66 Original Article E24 C33 Finance E32
Zdroj:	The World Economy
ISSN:	1467-9701 0378-5920
DOI:	10.1111/twec.13230
Popis:	This paper empirically analyses the effects of globalisation on labour market regulations. We also interact globalisation measures with economic uncertainty, and they serve as potential determinants of de jure labour market conditions. For this purpose, we consider new innovative globalisation and economic uncertainty indices (the Revisited KOF Globalisation and the World Uncertainty) in a panel dataset of 136 countries from 2000 to 2017. The findings indicate that globalisation promotes labour market flexibility, while economic uncertainty decreases it. We also find that the interaction of globalisation with economic uncertainty positively affects labour market flexibility. The findings are robust to various sensitivity analyses, that is, different estimation procedures and globalisation indicators, including various controls and excluding outliers.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4c959f984f94e815ce998d9ce8a5056a https://doi.org/10.1111/twec.13230 Zobrazit plný text záznamu