Analysis of the relationship between economic growth and unemployment
AbstractIn the study we deal with two key indicators of economic development, which are economic growth and unemployment. We focus on their theoretical and practical aspects. We analyze their relationship and focus on its development in SR. The main part of the study is evaluation of the relationship between economic growth and unemployment on the basis of Okun’s law in the SR and comparison of these results with other members of EU. The last chapter contains prognosis of unemployment rate development, created on the basis of the equation derived from Okun’s law for SR.
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Bibliographic InfoPaper provided by Department of Economic Policy, Faculty of National Economy, University of Economics in Bratislava in its series EAPG Working Paper Series with number 003.
Length: 31 pages
Date of creation: 10 May 2011
Date of revision:
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More information through EDIRC
Economic growth; Unemployment; Okun’s law; Correlation; Gross domestic product; Labour productivity;
Find related papers by JEL classification:
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
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