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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
We find that Okun's law provides a simple and accurate means of understanding and predicting changes in the unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the growth of potential output. Our estimates of potential...
Persistent link: https://www.econbiz.de/10014035504
to come increasingly from productivity gains, and resources will have to shift towards activities that rely more on …
Persistent link: https://www.econbiz.de/10009769652
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
This paper studies the impact of long-run productivity growth on job finding and separation rates, and thus the …
Persistent link: https://www.econbiz.de/10003921741
This paper provides evidence for a positive effect of total factor productivity growth on unemployment in cross …
Persistent link: https://www.econbiz.de/10012728652
Persistent link: https://www.econbiz.de/10013553719
Since the industrial revolution, technological innovations have enabled rise in productivity, employment, standard of … living and the tota l population several times. In the last 15 years productivity growth ha s slowed-down in the most of … expected to trigge r a slight acceleration in productivity, while explosive growth i n productivity, as predicted by some th …
Persistent link: https://www.econbiz.de/10012522848
In the mid 1980s during the “Great Moderation” major economic variables such as GDP, monthly payroll employment and the unemployment rate etc. began to decline their volatility. This study focuses on the so-called jobless growth phenomenon, in the long run. In this paper it is also...
Persistent link: https://www.econbiz.de/10014141847
time, industry-level analysis suggests ample scope to raise productivity, especially in services where productivity gains …
Persistent link: https://www.econbiz.de/10013302780