Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the relations between output and labor input across regions or across business cycles. Based on results by James D. Hamilton we replaced the United States UE with employment (EM)...

Durch den Fachkräftemangel in den Bereichen Mathematik, Informatik, Naturwissenschaften und Technik (MINT) ist der deutschen Volkswirtschaft von Juli 2007 bis Juni 2008 ein Wertschöpfungsverlust in Höhe von 28,5 Milliarden Euro entstanden. Mittelfristig wird der Fachkräftemangel in den...

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...