, 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 …

A number of studies in the literature have recently explored the causes behind the European productivity slowdown from … the mid-1990s onwards and the correlative increase in the productivity gap between Europe and the United States (e.g., van … EU. In the last decade, Spain has shown one of the worst productivity growth records among EU-members, whereas Portugal …

unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … productivity. However, if human capital matters, unemployment has a long-run effect on the level of productivity. Moreover, if we …

the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment leads …-run productivity growth. Using panel data from 13 OECD countries from 1960 to 1990, we find evidence that an increase in unemployment …Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a …

unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … productivity. However, if human capital matters, unemployment has a long-run effect on the level of productivity. Moreover, if we …

, 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 …

This paper provides evidence for a positive effect of total factor productivity growth on unemployment in cross …-country regressions for OECD countries. The paper explains this empirical result with an exogenous growth model with unemployment due to … implies cross-country differences in unemployment rates due to differences in the steady-state capital-output ratios. In turn …

unemployment rate etc. began to decline their volatility. This study focuses on the so-called jobless growth phenomenon, in the … effects of activity, employment, participation and unemployment rates are also taken into account. Analysing the data on OECD …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …