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Exploring index of production data for six major UK manufacturing sectors, we investigate the interaction of the UK …
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AND BREAKS IN TREND: DOES HYSTERESIS IN EMPLOYMENT IMPLY HYSTERESIS IN THE GROWTH PATH OF REAL OUTPUT? -- CHAPTER 7 … nonfarm payroll employment in the USA, the book emphasizes the role of aggregate demand shocks in causing the US economy to … demand on real GDP and employment levels in the long run. Hartman studies modern macroeconomic theories related to economic …
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The results of previous research suggest that the elasticity of employment with respect to output is not constant … vulnerable to jobless growth. Our specification is based on the employment version of Okun's law, and estimates are provided for … be argued that the possibility of growth increasing employment is very limited when the economy operates at its potential …
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An examination of Swedish manufacturing data on real output and qualitative business tendency survey (BTS) responses … manufacturing output growth. It also turns out that traditional autoregressive distributed lag (ADL) models based on business survey …
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