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Employment, unemployment and output growth in booms and recessions: time series evidence from Finland, 1970-1996

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  • Jaakko Pehkonen
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    Abstract

    The Finnish economy experienced dramatic changes in the early 1990s. The collapse of the economy in 1991 resulted in a 12% decline in GDP over the years 1991-1993, leading to a significant fall in the demand for labour and a rise in unemployment. The study contributes to the discussion on possible changes in the functioning of the Finnish economy by scrutinizing the stability of the employment/unemploymentoutput relation. The empirical analysis, based on aggregate variables from the period 1975-1996, suggests that the relationship between aggregate-level employment/ unemployment and output growth remained relatively stable throughout the investigation period.

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    File URL: http://www.tandfonline.com/doi/abs/10.1080/000368400322228
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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Applied Economics.

    Volume (Year): 32 (2000)
    Issue (Month): 7 ()
    Pages: 885-900

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    Handle: RePEc:taf:applec:v:32:y:2000:i:7:p:885-900

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    Cited by:
    1. Cristiano Perugini, 2008. "Employment Intensity of Growth in Italy A Note Using Regional Data," Quaderni del Dipartimento di Economia, Finanza e Statistica 55/2008, Università di Perugia, Dipartimento Economia, Finanza e Statistica.
    2. Afsin Sahin & Aysit Tansel & M. Hakan Berument, 2013. "Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective," Koç University-TUSIAD Economic Research Forum Working Papers 1311, Koc University-TUSIAD Economic Research Forum.

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