Showing 1 - 2 of 2
In an international framework favourable to the performance of the Brazilian economy, the increase in the minimum wage and the formalization of labour contracts boosted GDP growth, increasing consumption growth with the incorporation of part of the low-income people to the market. The global...
Persistent link: https://www.econbiz.de/10011372240
We know from experience that weak economic growth increases the unemployment rate. In 1962 Okun proposed to measure … potential output in terms of unemployment gap. From this relation a direct link between increase in unemployment and output …
Persistent link: https://www.econbiz.de/10005510372