{"title":"Active labor market policies and institutional quality of governance: evidence from OECD countries","authors":"Marwa Sahnoun, Chokri Abdennadher","doi":"10.1007/s40822-023-00247-7","DOIUrl":null,"url":null,"abstract":"<p>The purpose of this paper is to evaluate the efficiency of Active Labor Market Policies (ALMP) expenditures of OECD countries taking into account the institutional quality of governance. The emphasis is on the quality of governance that affects the supply and demand of employment and the ability of governments to master public spending. Using the general method of moments (GMM) for 31 OECD countries over the 2000/2020 period, we show that measures of institutional quality such as Control of Corruption, the Effectiveness of Governance and the Regulatory Quality affects significantly the efficiency of ALMP on unemployment rate. This result is found consistent using Institutional Quality Index ‘IQI’. The influence of institutional quality on the link between ALMP expenditure and unemployment rate suggest the importance for policy makers to enhance institutional quality. They consider it as a possible instrument for improvement results in labor market of OECD countries.</p>","PeriodicalId":45064,"journal":{"name":"Eurasian Economic Review","volume":"207 3","pages":""},"PeriodicalIF":2.5000,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Eurasian Economic Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1007/s40822-023-00247-7","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The purpose of this paper is to evaluate the efficiency of Active Labor Market Policies (ALMP) expenditures of OECD countries taking into account the institutional quality of governance. The emphasis is on the quality of governance that affects the supply and demand of employment and the ability of governments to master public spending. Using the general method of moments (GMM) for 31 OECD countries over the 2000/2020 period, we show that measures of institutional quality such as Control of Corruption, the Effectiveness of Governance and the Regulatory Quality affects significantly the efficiency of ALMP on unemployment rate. This result is found consistent using Institutional Quality Index ‘IQI’. The influence of institutional quality on the link between ALMP expenditure and unemployment rate suggest the importance for policy makers to enhance institutional quality. They consider it as a possible instrument for improvement results in labor market of OECD countries.
期刊介绍：
The mission of Eurasian Economic Review is to publish peer-reviewed empirical research papers that test, extend, or build theory and contribute to practice. All empirical methods - including, but not limited to, qualitative, quantitative, field, laboratory, and any combination of methods - are welcome. Empirical, theoretical and methodological articles from all fields of finance and applied macroeconomics are featured in the journal. Theoretical and/or review articles that integrate existing bodies of research and that provide new insights into the field are highly encouraged. The journal has a broad scope, addressing such issues as: financial systems and regulation, corporate and start-up finance, macro and sustainable finance, finance and innovation, consumer finance, public policies on financial markets within local, regional, national and international contexts, money and banking, and the interface of labor and financial economics. The macroeconomics coverage includes topics from monetary economics, labor economics, international economics and development economics.
Eurasian Economic Review is published quarterly. To be published in Eurasian Economic Review, a manuscript must make strong empirical and/or theoretical contributions and highlight the significance of those contributions to our field. Consequently, preference is given to submissions that test, extend, or build strong theoretical frameworks while empirically examining issues with high importance for theory and practice. Eurasian Economic Review is not tied to any national context. Although it focuses on Europe and Asia, all papers from related fields on any region or country are highly encouraged. Single country studies, cross-country or regional studies can be submitted.
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