Ontology highlight
ABSTRACT:
SUBMITTER: Lei W
PROVIDER: S-EPMC10538789 | biostudies-literature | 2023
REPOSITORIES: biostudies-literature
Lei Wenni W Li Zhe Z Mei Dongzhou D
PloS one 20230928 9
This article analyzes cross-country data encompassing 130 countries and regions from 2000 to 2019 to investigate the correlation between financial crises, labor market frictions, and economic volatility. The empirical findings demonstrate that financial crises have a milder impact on real gross domestic product (GDP) in developing countries with flexible labor markets. This trend also applies to non-eurozone developed countries, where labor market flexibility aids crisis mitigation. However, thi ...[more]