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Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a Phillips curve, the natural rate is an equilibrium condition...
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The employment, but also the efficient use of the available work resources is directly connected to the work market. It …
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The employment, but also the efficient use of the available work resources is directly connected to the work market. It …
Persistent link: https://www.econbiz.de/10005616618
, especially in developing regions. Elasticity of employment is low and falling further. Whatever little employment expansion is … market negatively. Employment growth and elasticities are lower in regions that have had rapid globalisation. Institutional …
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