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A provincial perspective of nonlinear Okun's law for emerging markets: The case of South Africa

Kavese, Kambale; Phiri, Andrew - 2018

A provincial analysis of Okun’s law in South Africa is provided in this article over a period of 1996 to 2016. Empirically, we rely on the nonlinear autoregressive distributive lag (N-ARDL) model whilst the Corbae-Ouliaris filter is used to extract the ‘gap’ variables required for our...

Persistent link: https://www.econbiz.de/10015260277

Fitting Okun's law for the Swazi Kingdom: Will a nonlinear specification do?

Phiri, Andrew - 2018

Despite Okun’s law being hailed one of the most fundamental pieces within macroeconomic policy paradigm, empirical evidence existing for the Kingdom of Swaziland remains virtually non-existent. Our study fills this void/hiatus in the literature by examining Okun’s law for the Swazi Kingdom...

Persistent link: https://www.econbiz.de/10015261191

L’impact de l’Enseignement Supérieur sur la Croissance Economique L'Impact de l'Enseignement Supérieur sur la Croissance Economique Cas de la Tunisie, le Maroc et la Corée du Sud

Sbaouelgi, Jihène - 2015

Since the early '90s, the empirical literature on human capital and economic growth is full of conflicting results. Indeed, most theoretical analyzes have confirmed that human capital has a positive and significant effect on growth. This article explore time series causality between human...

Persistent link: https://www.econbiz.de/10015249250

Consumption Theory and Why Any GOP Candidate, Including J.D. Vance, Would Have Won the 2024 Election: Comment and Update to the Original Paper of 2016 (“Economics and How Obama Could Have Lost the 2016 Election Too”)

Wu, Cheng - 2024

Consumption theory and its optimization mechanism may be applied to the U.S. presidential elections. Based on Clower’s Dual-Decision Hypothesis (DDH), Wu (2017) derived the result showing change in savings is a function of labor income growth. Under DDH, consumers make optimal decision based...

Persistent link: https://www.econbiz.de/10015214465

Human capital formation and economic development in Pakistan: an empirical analysis

Chani, Muhammad Irfan; Hassan, Mahboob Ul; Shahid, Muhammad - 2012

There is widely accepted concept in economic theory that human capital plays positive role in determining national income. Formation or accumulation of human capital and economic development for human welfare are the major targets of economic policy of each country. This study investigates the...

Persistent link: https://www.econbiz.de/10015232144

A Kaleckian growth model of secular stagnation with induced innovation

Stamegna, Marco - 2022

between labour market and distributive conflict; on the induced innovation literature to link labour productivity growth to … productivity growth, and real wage growth, regardless of the short-run demand and growth regime of the economy; ii) a positive … institutional shock to the labour share may cause the long-run employment rate to fall even in a wage-led demand regime; conversely …

Persistent link: https://www.econbiz.de/10015268233

A Note on How and Why Growth and Unemployment Go Hand in Hand in Developing Economies

Mandal, Biswajit; Mandal, Arindam - 2014

This paper develops a very simple model to explain the phenomenon of persistent unemployment even in an economy experiencing high output growth. Unemployment will also grow at a rate identical with other factors and sectors. The result is primarily triggered by pre-fixed minimum wage rate for...

Persistent link: https://www.econbiz.de/10015242868

Can Trade Unions Increase Social Welfare? An R&D Model with Cash-in-Advance Constraints

Neto, António; Furukawa, Yuichi; Ribeiro, Ana Paula - 2017

Economic growth crucially depends on the level of R&D investment, as well as on the existing labour market institutions (LMI); the latter might shape the amount of profit obtained by each firm and its incentives to continuously innovate. This paper proposes a novel analysis combining a...

Persistent link: https://www.econbiz.de/10015255098

Employment and Productivity Trends in the Organised Manufacturing Sector of Tamil Nadu: 1983-2006

Bagur, Prakash; Anthony, Balu - 2012

Examining the hypothesis of jobless growth in the organised manufacturing sector (OMS) in the State of Tamil Nadu (T.N.), the paper finds that there is some evidence of jobless growth in the post-reform years (1994-2006). However, in both the pre-reform period (1983-93) and the combined period...

Persistent link: https://www.econbiz.de/10015255883

Impacto de la inversión extranjera directa en el crecimiento económico, las exportaciones y el empleo de República Dominicana

Cruz Mejía, Jose Vidal; Cruz-Rodríguez, Alexis - 2020

The aim of this article is to identify the impact of foreign direct investment (FDI) on the gross domestic product (GDP), exports and employment of the Dominican Republic, using panel data models, during 2010-2018. The controlled results show that the inflow of FDI is an important factor for the...

Persistent link: https://www.econbiz.de/10015212415