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For effective economic growth, intentional “creation” of unemployment is required to be followed up by its «elimination». From Okun’s law one can infer an interesting corollary: growing unemployment without reducing GDP increases the economy’s potential. This corollary can be proved...
Persistent link: https://www.econbiz.de/10011110853
market records a greater flexibility concerning wages and a lower one concerning employment at the national level. Lack of …
Persistent link: https://www.econbiz.de/10008631632
We have modeled the employment/population ratio in the largest developed countries. Our results show that the evolution … of the employment rate since 1970 can be predicted with a high accuracy by a linear dependence on the logarithm of real … units. Statistically, the link between measured and predicted rate of employment is characterized by the coefficient of …
Persistent link: https://www.econbiz.de/10009220106
This study investigates Okun’s law in OECD countries by examining estimates for male and female age cohorts for the period 1998–2012. We find that the estimated Okun coefficients are not always statistically significant for each subgroup of the population. Our results also highlight a...
Persistent link: https://www.econbiz.de/10011076556
In this paper, a momentum threshold autoregressive (MTAR) model is used to evaluate nonlinear equilibrium reversion between unemployment and economic growth for South African data between the periods 2000–2013. To attain this objective we estimate the first-difference and the gap model...
Persistent link: https://www.econbiz.de/10011105342
growth of labour productivity went hand in hand with declining employment, and even with considerable job losses in the … resulted overwhelmingly from across-the-board productivity improvements in individual sectors of the economy while employment … Eastern Europe (NMS). It analyses structural changes in the NMS' economies and patterns of productivity catching-up both at …
Persistent link: https://www.econbiz.de/10009649617
As by product of economic growth, jobs are indeed transformational. In other words, efficiency increases as workers get better at what they do (as more productive jobs appear and less productive one disappear). In fact societies flourish as jobs bring together people from different ethnic and...
Persistent link: https://www.econbiz.de/10011107833
A key prediction of dynamic labor demand models is that firing restrictions attenuate firms' employment responses to … rainfall fluctuations, through their effects on agricultural productivity, generate variation in local demand within districts … over time. Consistent with the theory, we find that industrial employment is more sensitive to shocks where labor …
Persistent link: https://www.econbiz.de/10011009904
Since the onset of the financial and economic crisis, the situation in the area of employment, in average, didn … significant differences in the area of labour market. Therefore, the area of employment and social inclusion has become a key …
Persistent link: https://www.econbiz.de/10011210267
Traditional official definition of ‘work’ in developing countries excludes large number of activities that are predominantly performed by women. Naturally official Female Labour Force Participation Rate is quite low in such countries. Women who are officially in the labourforce must...
Persistent link: https://www.econbiz.de/10011259044