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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 …
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Okun's Law postulates a stable relationship between quarterly output growth and changes in (un)employment. This …
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The concept of the employment threshold plays an important role in the public discussion of unemployment. The …
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