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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
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
Persistent link: https://www.econbiz.de/10010203963
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
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This article discusses which may be the trajectory of the Brazilian economy over the 2020s, particularly in the transition from the current period when there is idle capacity in the economy to a period when the growth of supply capacity may again be crucial for growth. From the context created...
Persistent link: https://www.econbiz.de/10012628685
This article discusses which may be the trajectory of the Brazilian economy over the 2020s, particularly in the transition from the current period when there is idle capacity in the economy to a period when the growth of supply capacity may again be crucial for growth. From the context created...
Persistent link: https://www.econbiz.de/10012625528
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
Persistent link: https://www.econbiz.de/10014288884
Persistent link: https://www.econbiz.de/10014310441