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develop a labor market model to capture both cycle and trend effects of prices, and production on earnings, which is estimated …, we find that, in the short run, an increase of 1% in prices or production explains an earnings rise of around 0.5%, while …
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In this study, annual time series data is utilized to estimate the effects of unemployment, wages and inflation on the …-run relationship, which reaches equilibrium in the long run. However, the effect of inflation and unemployment on trade enlargement is … considered variables GDP, CPI, wages and unemployment, there is a long run relationship, which reaches equilibrium for the …
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This volume challenges the view that unemployment is exclusively determined by structural characteristics of the labour market and the social benefit system. Macroeconomic policies and investment in capital stock are included in the analysis and are shown to have a major role to play.
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