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For effective economic growth, intentional “creation” of unemployment is required to be followed up by its «elimination». From Okun’s law one can infer an interesting corollary: growing unemployment without reducing GDP increases the economy’s potential. This corollary can be proved...
Persistent link: https://www.econbiz.de/10011110853
Okun's law. However, in transition and emerging markets economies' context, the output-employment nexus has a much more … transition) countries to find out a discrepancy between the output and employment growth. Therefore, the employment elasticity … satisfactory employment growth, which is commonly referred to as a "jobless growth" hypothesis. Accordingly, this paper attempts to …
Persistent link: https://www.econbiz.de/10012619838
market records a greater flexibility concerning wages and a lower one concerning employment at the national level. Lack of …
Persistent link: https://www.econbiz.de/10008631632
with children. Structural unemployment is also explained by the lack of skills required to find employment in the Irish …
Persistent link: https://www.econbiz.de/10011577725
In this study, we use Okun’s Law to examine whether growth has been jobless in seventeen MENA countries. The methods used are the ARDL approach for the individual country and the panel data analysis for the entire sample. The period considered in this study is from 1980 to 2013. To test for...
Persistent link: https://www.econbiz.de/10011635846
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
businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …
Persistent link: https://www.econbiz.de/10011800715
employment rate, whereas an increase of general government consolidated gross debt has a negative effect for employment rate as …
Persistent link: https://www.econbiz.de/10014137022
We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC … nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment …
Persistent link: https://www.econbiz.de/10013015593
-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how …
Persistent link: https://www.econbiz.de/10012388225