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Chocs sectoriels et chômage

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  • Samson, Lucie

    (Département d’économique, Université Laval)

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    Abstract

    In this article, the hypothesis that an important part of the fluctuations in the aggregate unemployment rate is attributable to sector-specific shocks is reviewed both theoretically and empirically, and is tested using Canadian data for the 1963-84 period. The main conclusion from this empirical analysis is that, even after controlling for the influence of changes in the relative price of oil and for unanticipated money growth, sector-specific shocks have a significant impact on aggregate unemployment in Canada for the period under study. Dans cette étude, l’hypothèse qu’une partie importante des fluctuations dans le taux de chômage puisse s’expliquer par la présence de chocs sectoriels est passée en revue tant au niveau théorique qu’empirique. Cette proposition est ensuite testée à l’aide de données canadiennes couvrant la période 1963-84. La conclusion principale de cette analyse empirique est que, même en contrôlant pour l’influence des variations dans le prix relatif du pétrole ainsi que pour la partie non anticipée de la politique monétaire, les chocs sectoriels ont contribué de façon significative aux fluctuations dans le taux de chômage canadien au cours de cette période.

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    Bibliographic Info

    Article provided by Société Canadienne de Science Economique in its journal L'Actualité économique.

    Volume (Year): 64 (1988)
    Issue (Month): 4 (décembre)
    Pages: 532-544

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    Handle: RePEc:ris:actuec:v:64:y:1988:i:4:p:532-544

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    1. Robert J. Barro, 1980. "Intertemporal Substitution and the Business Cycle," NBER Working Papers 0490, National Bureau of Economic Research, Inc.
    2. John McCallum, 1987. "Unemployment in Canada and the United States," Canadian Journal of Economics, Canadian Economics Association, vol. 20(4), pages 802-22, November.
    3. Barro, Robert J, 1977. "Unanticipated Money Growth and Unemployment in the United States," American Economic Review, American Economic Association, vol. 67(2), pages 101-15, March.
    4. Rogerson, Richard, 1987. "An Equilibrium Model of Sectoral Reallocation," Journal of Political Economy, University of Chicago Press, vol. 95(4), pages 824-34, August.
    5. Charette, Michael F. & Kaufmann, Barry, 1987. "Short-run variation in the natural rate of unemployment," Journal of Macroeconomics, Elsevier, vol. 9(3), pages 417-427.
    6. Lucas, Robert E, Jr, 1973. "Some International Evidence on Output-Inflation Tradeoffs," American Economic Review, American Economic Association, vol. 63(3), pages 326-34, June.
    7. Lucas, Robert Jr. & Prescott, Edward C., 1974. "Equilibrium search and unemployment," Journal of Economic Theory, Elsevier, vol. 7(2), pages 188-209, February.
    8. Lucie Samson, 1985. "A Study of the Impact of Sectoral Shifts on Aggregate Unemployment in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 18(3), pages 518-30, August.
    9. Loungani, Prakash, 1986. "Oil Price Shocks and the Dispersion Hypothesis," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 536-39, August.
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