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This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …
Persistent link: https://www.econbiz.de/10015052585
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …
Persistent link: https://www.econbiz.de/10010189833
In this paper, we analyse Okun's law - a relation between the change in the unemployment rate and GDP growth - using … fruitful. In terms of dynamic effects, a shock to GDP growth has robustly negative effects on the change in the unemployment …
Persistent link: https://www.econbiz.de/10012799537
Wald test and error correction model provide exactly the same conclusion of a uni-directional causality from unemployment … contrary to unemployment–output relationship even though unemployment rate determines the real output growth in Nigeria but not … drastic reduction of unemployment which is a pointer to increasing aggregate demand and output growth in Nigeria in the long …
Persistent link: https://www.econbiz.de/10009788571
The trade-off between output and unemployment has become an essential part of modern macroeconomics and is known as …
Persistent link: https://www.econbiz.de/10012619838
, and time periods, separate metaregressions are estimated; one using estimates with the unemployment rate as the dependent … unemployment and economic growth, researchers should bear in mind that there are a number of methodological choices that have …
Persistent link: https://www.econbiz.de/10013164466
constant unemployment rate, through the notion of Harrod's natural growth rate and Okun's Law. Kalman filter estimation allows … employment. First, estimates of Okun's Law indicate that the response of Philippine unemployment and visible underemployment to …
Persistent link: https://www.econbiz.de/10011817064
Persistent link: https://www.econbiz.de/10011775444
most likely responsible for a considerable part of European unemployment. …
Persistent link: https://www.econbiz.de/10010508245
unemployment that is in line with this empirical regularity and the findings for the other emerging markets and regional peers. We … European debt crisis. When investigating whether various expenditure components of GDP may cause different unemployment … improve forecasting of unemployment. …
Persistent link: https://www.econbiz.de/10011981843