Caporale, Guglielmo Maria; Škare, Marinko - 2011
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment …