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’s law. The results obtained lead to the conclusion that differences in the weight of self-employment and its variations over … deviations) is greater than that of variations in labour productivity per worker, which so far had been considered the main … regional and national authorities are promoting self-employment. …
Persistent link: https://www.econbiz.de/10012129903
Despite its stability over time, as for any statistical relationship, Okun's law is subject to deviations that can be large at times. In this paper, we provide a mapping between residuals in Okun's regressions and structural shocks identified with a SVAR model by inspecting how unemployment...
Persistent link: https://www.econbiz.de/10013332832
Persistent link: https://www.econbiz.de/10010412909
distributive components of employment, productivity and output changes overtime in a system whereby the roles of economic structure …The challenge of employment growth in SSA countries goes beyond economic growthprospects to include structural and … demographic dimensions. This study examinesthe relative contributions of structural changes and demographic factors to employ-ment …
Persistent link: https://www.econbiz.de/10012513307
) shifts with productivity growth. On this basis we estimate a dynamic system of macrolabour equations to evaluate the slope of …-run. Furthermore, during the stagflating 70s, the productivity slowdown contributed substantially to the increases in both unemployment … monetary expansion and productivity speedup of the roaring 90s were both responsible for the significant lowering of the …
Persistent link: https://www.econbiz.de/10003879334
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 …
Persistent link: https://www.econbiz.de/10011325983
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 … scales down the long-run level of productivity. …
Persistent link: https://www.econbiz.de/10011440805
We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The … initial and final regimes are essentially equal, thus supporting theories that explain the productivity slowdown by a slow …
Persistent link: https://www.econbiz.de/10003827158
) shifts with productivity growth. On this basis we estimate a dynamic system of macrolabour equations to evaluate the slope of …-run. Furthermore, during the stagflating 70s, the productivity slowdown contributed substantially to the increases in both unemployment … monetary expansion and productivity speedup of the roaring 90s were both responsible for the significant lowering of the …
Persistent link: https://www.econbiz.de/10013158034
This paper provides evidence for a positive effect of total factor productivity growth on unemployment in cross …
Persistent link: https://www.econbiz.de/10012728652