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dc.contributor.authorBarbosa, Bruno Tebaldi de Queiroz
dc.contributor.authorMarçal, Emerson Fernandes
dc.date.accessioned2018-02-23T12:33:04Z
dc.date.available2018-02-23T12:33:04Z
dc.date.issued2018-02
dc.identifier.urihttp://hdl.handle.net/10438/20219
dc.description.abstractAssessing linkages across different regions and how macroeconomic shocks spread out across regions is not an easy task. In this study we address this problem using a global vector autoregressive methodology that deals with the curse of dimensionality in an ingenious form. Focusing on the Brazilian labor market, identified and quantified how a shock in an aggregate economic activity spreads out regionally and throughout time. Another novelty of our work is the use of information collected by the Brazilian Bureau of Geography and Statistics to measure how regions are linked by analyzing infrastructure linkages of Brazilian municipalities in terms of airports, roads, ports, education, health, and tourism activities. Interdependence among regions is measured not only by closeness but also by considering economic linkages. In terms of regional sensitivity to macroeconomic shocks, we provide evidence that these shocks tend to cause stronger effects on the South, Southeast, and Midwest regions than the Northeast and North regions. This conclusion is in line with the idea that the formal labor market is better developed in the former regions than the latter. The South, Southeast, and Midwest regions in Brazil have better economic and social indicators.eng
dc.language.isoeng
dc.relation.ispartofseriesEESP - Textos para Discussão; TD 468
dc.subjectGVAReng
dc.subjectCointegrationeng
dc.subjectRegional dynamicseng
dc.subjectLabor marketeng
dc.titleModeling how macroeconomic shocks a ect regional employment: analyzing the Brazilian formal labor market using the global VAR approacheng
dc.typeWorking Papereng
dc.subject.areaEconomiapor
dc.contributor.unidadefgvEscolas::EESPpor
dc.subject.bibliodataModelos econométricospor
dc.subject.bibliodataEconometriapor
dc.subject.bibliodataCointegraçãopor
dc.subject.bibliodataMercado de trabalho - Brasilpor


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