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 … the euro periphery, we find product market regulation as playing a major role in explaining the significance of Okun’s law …

structural and cohesion funds, removed the trading barriers, increases foreign investments, reduced unemployment, increased labor …

fundamentally important for growth. The term encompasses investments in education (human capital) and in informal (social capital …) and formal (rule of law) institutions by the public sector and households, as well as investments by businesses aimed at …