Studies investigating the sign of the relationship between growth and unemployment have generated opposite results. In this paper we provide a simple theoretical model where the net effect of growth on unemployment is ambiguous both in steady state and out-of steady-state.

This very brief note improves the paper by Lisi (2012) by removing from the model an unrealistic feature.

The objective of the study is to examine the relationship between unemployment rate and growth rate in selected SAARC countries over the period of 1990-2010. Data is analyzed by panel cointegration technique, Fully Modified OLS (FMOLS) and Dynamic OLS (DOLS) for estimating long-run relationship...

The objective of the study is to examine the relationship between unemployment rate and growth rate in selected SAARC countries over the period of 1990-2010. Data is analyzed by panel cointegration technique, Fully Modified OLS (FMOLS) and Dynamic OLS (DOLS) for estimating long-run relationship...

In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α - βΔy, where “β” is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such...