efficiency, the latter obtained as a decomposition residual. The trend unemployment rate is estimated by Kalman filtering within …

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 …

, it is known that there is a reverse relation between unemployment and growth known as Okun's Law. This relation …, suggesting that every 1 point decrease in unemployment induces a 3 point increase in growth, is tested for many countries. In … difference in coefficients. At the same time, long term relation between growth and unemployment is tested with the use of time …