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, it is known that there is a reverse relation between unemployment and growth known as Okun’s Law. This relation …, suggesting that every 1 point decrease in unemployment induces a 3 point increase in growth, is tested for many countries. In … difference in coefficients. At the same time, long term relation between growth and unemployment is tested with the use of time …
Persistent link: https://www.econbiz.de/10010352634
A historically high level of youth unemployment presents Greece with a huge social and economic challenge. This paper …
Persistent link: https://www.econbiz.de/10011409613
In this study, the analysis was that the capacity of creating inflation depends on oil prices as the one of energy types that is a major input of aggregate output which becomes a source of economic growth with increasing in costs. The aggregate output is also a function of energy that is the one...
Persistent link: https://www.econbiz.de/10010352635
This article remarks that the activities of the international capital flows and the foreign direct investment increase, influence the growth process of countries. The economies attach more importance to these two factors in each passing day. On the other hand, the exposure degrees of host...
Persistent link: https://www.econbiz.de/10010352640