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This paper clarifies the links between employment, productivity and output growth and traces prospects for the Romanian … economy. Because it always remains true, the fundamental identity which relates employment to output and labor productivity is … the starting point for this paper. We present three scenarios for future employment, productivity and GDP growth in …
Persistent link: https://www.econbiz.de/10012708007
Dollarization brought price stability and higher economic growth to Ecuador. Nevertheless, unemployment remained stubbornly high. Two opposing forces explain this result: Sustained growth led to higher labor demand but price stabilization triggered substitution effects by cheaper intermediate...
Persistent link: https://www.econbiz.de/10014199663
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10009162091
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10009487899
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10013092691
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10014042997
purpose, the response of employment, i.e. demand for labor, to the changes in GDP is modeled as an error correction model (ECM … employment. However, labor market responds to GDP changes with a delay of more than 4 periods …
Persistent link: https://www.econbiz.de/10012770586
To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained … in a multivariate framework for three sets of sectors. We get a relationship in which employment rises with growth and … permits to measure retrospectively the contributions of each of the variables to employment inflections since the mid-eighties …
Persistent link: https://www.econbiz.de/10013319764
This paper uses the task-content-of-occupations framework to analyze trends in employment and wages of female and male …: nonroutine cognitive, routine cognitive, nonroutine manual, and routine manual. Decomposing the changes in employment shares into … between-industry changes and within-industry changes across occupational categories reveals that within-industry employment …
Persistent link: https://www.econbiz.de/10013329397
Despite extensive research, the estimates of changes in employment are heter-ogeneous in different conditions of … employment elasticity compared to its values in economies with a stable development trend. Based on this, we formulate the …
Persistent link: https://www.econbiz.de/10012651347