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-related variables accounts for changes (rises) in the Okun's parameter in the US in recent decades. Accordingly, the unemployment gap is … increasingly associated with a smaller output gap. Whilst the Great Recession accelerated that rise, the bulk of the change …
Persistent link: https://www.econbiz.de/10012135950
The present research provides evidence on the determinants driving the differences in the unemployment-output …
Persistent link: https://www.econbiz.de/10012129903
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …
Persistent link: https://www.econbiz.de/10015052585
contrary to unemployment–output relationship even though unemployment rate determines the real output growth in Nigeria but not … drastic reduction of unemployment which is a pointer to increasing aggregate demand and output growth in Nigeria in the long … Wald test and error correction model provide exactly the same conclusion of a uni-directional causality from unemployment …
Persistent link: https://www.econbiz.de/10009788571
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
lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. … between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked …
Persistent link: https://www.econbiz.de/10011877095
growth and its components. In contrast with most studies, we employed the Beveridge Curve to deduce the natural unemployment … production growth rates. The country could not halt the significant deceleration of potential output that began in the 2010s or … demographic trends and persistent structural unemployment. These issues may remain significant in the future. …
Persistent link: https://www.econbiz.de/10015073301
predict unemployment in Spain. We include a new predictor for Spanish unemployment based on internet information provided by … queries and unemployment. Besides that, the inclusion of internet activity enhances model's prediction performance …
Persistent link: https://www.econbiz.de/10012868954
Persistent link: https://www.econbiz.de/10001420860
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is …
Persistent link: https://www.econbiz.de/10010495336