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The traditional analysis of unemployment in relation to real output dynamics is based on some empirical evidences deducted from Okun's studies. In particular the so called Okun's Law is expressed in a linear mathematical formulation, which cannot explain the fluctuation of the variables...
Persistent link: https://www.econbiz.de/10010685551
In this paper Okun'(tm)s law is tested for six European selected countries in order to compare the responsiveness of unemployment to economic growth over the period 1981-2010. In the first section there is a survey of scientific works that have observed the empirical relationship between growth...
Persistent link: https://www.econbiz.de/10010617478
The aim of this study is to analyze the data on both GDP per capita and HDI related to the member States of European Union for the period from 1990 to 2010 in order to verify if these data are more related to the macro-region to which each State belongs than to European area. In particular, this...
Persistent link: https://www.econbiz.de/10010607189
The granting of credit, whose excessive diffusion was one of the causes of the economic and financial crisis of 2007, has suffered profound changes during the following period of economic recession. The granting of credit to households and businesses has been strongly influenced by the effects...
Persistent link: https://www.econbiz.de/10010685621