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commentators have argued that the subsequent rise in unemployment exceeded previous estimates of the elasticity of the unemployment …-term estimate of Okun’s coefficient implying that the deviation in unemployment during the crisis resulted from a larger output gap … period utilized. Focusing more on short-term fluctuations, changes in unemployment are decomposed to identify the association …
Persistent link: https://www.econbiz.de/10010205770
Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10010369131
Persistent link: https://www.econbiz.de/10002222452
Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10011607672
Microeconomic flexibility is at the core of economic growth in modern market economies because it facilitates the process of creative-destruction, The main reason why this process is not infinitely fast, is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10014070107
vacancy-unemployment relation …
Persistent link: https://www.econbiz.de/10012978974
Throughout the world, strong dispersions of both regional and national unemployment rates can be observed. The economic … between size and unemployment. Using data from 37 countries, 15 continents and trade areas as well as 496 federal states, we … will demonstrate that larger economic regions tend to have higher unemployment rates. Subsequently, we show that this …
Persistent link: https://www.econbiz.de/10009424775
domestic to tradable industries. This leads to a loss in industry specific human capital, causing a jump in unemployment. The …
Persistent link: https://www.econbiz.de/10010533135
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …
Persistent link: https://www.econbiz.de/10012841145
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …
Persistent link: https://www.econbiz.de/10012166007