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This paper studies the relationship between the change in the unemployment rate and output growth using an approach based on labor market flows. The framework shows why the Okun coefficient may be constant/time-varying and/or symmetric/asymmetric and that the outcome lies with the behavior of...
Persistent link: https://www.econbiz.de/10012906935
This paper studies the relationship between the change in the unemployment rate and output growth using an approach based on labour market flows. The framework shows why the Okun coefficient may be constant/time-varying and/or symmetric/asymmetric and that the outcome lies with the behaviour of...
Persistent link: https://www.econbiz.de/10012870857
Persistent link: https://www.econbiz.de/10012109676
This paper studies the relationship between the change in the unemployment rate and output growth using an approach based on labor market flows. The framework shows why the Okun coefficient may be constant/time-varying and/or symmetric/asymmetric and that the outcome lies with the behavior of...
Persistent link: https://www.econbiz.de/10011940045
Persistent link: https://www.econbiz.de/10012490556
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...
Persistent link: https://www.econbiz.de/10011755500
Persistent link: https://www.econbiz.de/10009792071
The paper provides probability estimates of the state of the GDP growth. A regime-switching model defines the probability of the Greek GDP being in boom or recession. Then probit models extract the predictive information of a set of explanatory (economic and financial) variables regarding the...
Persistent link: https://www.econbiz.de/10011312197
According to the IMF subject information, output gap for advanced economies and specifically Greece is calculated as … regressive taxes, progressive taxes and proportional taxes. Greece has a positive output gap in 2007 of 10.042%. For the same … year, Greece had a structural budget deficit of -10.846%. In 2013, the output gap of Greece was -10.650 %, which means that …
Persistent link: https://www.econbiz.de/10012890743
In this article, we apply the accelerator theory to test the relationship of Gross domestic product, GDP, and total government investments of the Greek economy. In other words, how an increase in national income measured by the GDP affect total government investments in an aggregate level. The...
Persistent link: https://www.econbiz.de/10013234487