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This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …
Persistent link: https://www.econbiz.de/10005106368
Persistent link: https://www.econbiz.de/10000950300
institutions for the modern global economy. These outdated institutions both raise unemployment and lower growth rates. The truth … of propositions such as these depends on which labor market institutions really are bad for unemployment and growth, and …
Persistent link: https://www.econbiz.de/10014024695
Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...
Persistent link: https://www.econbiz.de/10011244125
The goal of this study is to find the model that best describes the trends in labor demand using international industry level longitudinal data. Our starting point is Kézdi et al. (2006), who uses a fixed-effect model to project labor demand. We take their model and compare it with several...
Persistent link: https://www.econbiz.de/10008939104
To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors....
Persistent link: https://www.econbiz.de/10013319764
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …
Persistent link: https://www.econbiz.de/10010189833
cost being high and persistent unemployment. This paper develops an economy with an endogenously expanding service sector …, where the constant flow of workers in and out of employment relation leads to structural unemployment. The main finding is … that the level of unemployment is different between the initial period and the long-run equilibrium growth path, and that …
Persistent link: https://www.econbiz.de/10014142820
In the study we deal with two key indicators of economic development, which are economic growth and unemployment. We … part of the study is evaluation of the relationship between economic growth and unemployment on the basis of Okun’s law in … the SR and comparison of these results with other members of EU. The last chapter contains prognosis of unemployment rate …
Persistent link: https://www.econbiz.de/10010945572
Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10011403854