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with the responsiveness of unemployment to business cycles: In de­veloped economies, there are large variations in sectoral …
Persistent link: https://www.econbiz.de/10013281211
Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the …
Persistent link: https://www.econbiz.de/10013498938
unemployment rate, plus the indirect effects of the variations in the output per hour worked, the hours worked per employed person … sensitivity of the unemployment rate to variations in production since the 2008 crisis. …
Persistent link: https://www.econbiz.de/10015337718
, taking into account the impact of the pandemics on unemployment. The model is based on a network representing provinces … of hospitalization, intensive care unit (ICU) admission, and death. Unemployment is accounted for as a reduction in the … proportions of infected individuals reduce overall economic activity and therefore increase unemployment. We tested the model …
Persistent link: https://www.econbiz.de/10013471141
Maintaining optimal levels of unemployment and external debt remains a significant challenge for ensuring consistent … unemployment, external debt, inflation, and limited capital formation, Somalia is increasingly recognizing the importance of … inclusive growth. Therefore, this paper empirically examines the relationship between gross domestic product (GDP), unemployment …
Persistent link: https://www.econbiz.de/10015340243
The misery index (MI) was devised to summarize the most evident costs for a society, attempting to objectively measure the loss in general welfare. It has been remarked in the literature that economic growth exerts a negative impact on the MI; however, analyses of this relationship in the...
Persistent link: https://www.econbiz.de/10014635935
In this paper, the correlation between unemployment rate and real output for OECD countries was analyzed through the … application of Okun's Law and unemployment hysteresis 2007-2022. For this purpose, panel error correction, panel cointegration …, ARDL Bounds Test and Granger causality techniques were preferred. In addition, unemployment hysteresis was examined with …
Persistent link: https://www.econbiz.de/10015047670
The trade-off between output and unemployment has become an essential part of modern macroeconomics and is known as …
Persistent link: https://www.econbiz.de/10012619838
unemployment rates for 25-39 year-olds and those with at least university degrees are the least affected groups. There is also … dynamics of labor force participation rates (LFPR) as a fundamental determinant of unemployment rate. According to the MS …
Persistent link: https://www.econbiz.de/10012592026
Was economic growth in East Asia jobless? This paper addresses this question using data from eight East Asian countries during the period between 1997 and 2011 to estimate the Okun's Law Coefficient, which captures the relationship between growth and employment. The analysis suggests that growth...
Persistent link: https://www.econbiz.de/10012557041