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Okun's law is an extremely influential parameter in empirical research and policy analysis, based on the sizable number of estimates from this perspective. Nevertheless, it is also subject to considerable heterogeneity. We first show graphical and statistical evidence on the existence of a high...
Persistent link: https://www.econbiz.de/10013164466
This paper clarifies the links between employment, productivity and output growth and traces prospects for the Romanian … economy. Because it always remains true, the fundamental identity which relates employment to output and labor productivity is … the starting point for this paper. We present three scenarios for future employment, productivity and GDP growth in …
Persistent link: https://www.econbiz.de/10012708007
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using the standard neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a...
Persistent link: https://www.econbiz.de/10012546254
Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10012546895
globalization on labour productivity growth in BRICS countries. The study also examines the relative role of consumption factors and … trade and FDI are found to have significant impact on the upsurge of labour productivity growth in BRICS, where the …
Persistent link: https://www.econbiz.de/10011374061
growth and employment opportunities, thereby providing a way out of poverty. Building on its achievements in this area, Costa …
Persistent link: https://www.econbiz.de/10011577747
The COVID-19 pandemic has resulted in income and employment loss in many countries around the world. Yet, hardly any … optimism about the resilience of the economy. Further disaggregating employment into different types of jobs such as self-employment …
Persistent link: https://www.econbiz.de/10012831969
Social policy is to a certain extent a philosophy, ideology, program to impact on demographics, employment of the …
Persistent link: https://www.econbiz.de/10012867709
Persistent link: https://www.econbiz.de/10012310471
employment generation. It was also found that output increases in the service, agricultural and industrial sectors have the … greater potential for employment generation. We therefore argued that policies that aim at raising output in these sectors …
Persistent link: https://www.econbiz.de/10013090369