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 …

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 …

unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the …

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 …

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 …

I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces … that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases … unemployment, which lowers wages and creates incentives for future investment in labor-using technologies. In the long run, this …

law with a focus on the dynamic part of the relationship. We find that the negative relationship between unemployment and … misspecification of the short run unemployment-output relationship. A mixed lag structure indirectly controls for missing explanatory …

. If unemployment appears, however, home employment and consumption per capita decrease. …

. If unemployment appears, however, home employment and consumption per capita decrease. …

The standard search model of unemployment predicts, under realistic assumptions about household preferences, that … disembodied technological progress leads to higher steady-state unemployment. This prediction is at odds with the 1970s experience … of slow productivity growth and high unemployment in industrial countries. We show that introducing nominal price …