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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
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …
Persistent link: https://www.econbiz.de/10015052585
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/10013075132
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 …
Persistent link: https://www.econbiz.de/10012728652
Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10013320786
We propose a unique method of nowcasting and forecasting GDP growth based on a forward-looking measure of unemployment …
Persistent link: https://www.econbiz.de/10014506541
to zero in the long run. We show that these restrictions imply that unemployment due to automation is expected to …
Persistent link: https://www.econbiz.de/10012916066
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 …
Persistent link: https://www.econbiz.de/10014141847
unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the …
Persistent link: https://www.econbiz.de/10014035504
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 These outdated institutions both raise unemployment and lower growth rates.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