Capital stock and unemployment in Canada

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dc.contributor.authorMartínez Cañete, Ana Rosa
dc.contributor.authorPalacio Vera, Alfonso
dc.date.accessioned2024-07-08T10:49:31Z
dc.date.available2024-07-08T10:49:31Z
dc.date.issued2011
dc.description.abstractThe purpose of this article is to test the proposition that capital stock relative to aggregate output was an important variable in the determination of the Canadian nonaccelerating inflation unemployment rate (NAIRU) in the period 1976Q1–2003Q4. We present new empirical evidence obtained from the use of Canadian time-series data that lends support to the claim that the aggregate capital-output ratio was a significant determinant of the NAIRU in the period considered. The evidence presented suggests that insofar as the aggregate capital-output ratio may be affected by changes in real interest rates, the stance of monetary policy was one determinant of the NAIRU in the period considered.
dc.description.departmentDepto. de Economía Aplicada, Pública y Política
dc.description.facultyFac. de Ciencias Económicas y Empresariales
dc.description.refereedTRUE
dc.description.statuspub
dc.identifier.citationMartínez-Cañete, A. R., & Palacio-Vera, A. (2011). Capital stock and unemployment in Canada. Journal of Post Keynesian Economics, 34(1), 113–136. https://doi.org/10.2753/PKE0160-3477340105
dc.identifier.doi10.2753/PKE0160-3477340105
dc.identifier.essn1557-7821
dc.identifier.issn0160-3477
dc.identifier.relatedurlhttps://www.tandfonline.com/doi/pdf/10.2753/PKE0160-3477340105
dc.identifier.urihttps://hdl.handle.net/20.500.14352/105774
dc.issue.number1
dc.journal.titleJournal of Post Keynesian Economics
dc.language.isoeng
dc.page.final136
dc.page.initial113
dc.rights.accessRightsrestricted access
dc.subject.keywordaspiration wage
dc.subject.keywordcapital-output ratio
dc.subject.keywordcointegration
dc.subject.keywordNAIRU
dc.subject.ucmEconomía
dc.subject.unesco53 Ciencias Económicas
dc.titleCapital stock and unemployment in Canada
dc.typejournal article
dc.type.hasVersionVoR
dc.volume.number34
dspace.entity.typePublication
relation.isAuthorOfPublication06376186-3ad8-48c5-b151-fc101fdf8843
relation.isAuthorOfPublication29e8c1fa-89b0-4038-aa4a-31ac7b81e68d
relation.isAuthorOfPublication.latestForDiscovery06376186-3ad8-48c5-b151-fc101fdf8843
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