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A Causality Analysis of Economic Growth and Union Density in E uropean Countries
Author(s) -
JaoulGrammare Magali,
Terraz Isabelle
Publication year - 2013
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/labr.12021
Subject(s) - causality (physics) , vector autoregression , economics , granger causality , econometrics , monetary economics , physics , quantum mechanics
In this paper, we analyse the relationship between union density and economic growth using a G ranger causality analysis and shocks analysis with vector autoregression model. We find that the G ranger causality goes from the growth rate to the unionization rate in four of the 11 E uropean countries under study. F rance bucks the trend: it is the only country in which union density influences economic growth, moreover in a positive way.
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