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Productivity and Unemployment in the Short and Long Run

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Abstract

The relationship between productivity growth and unemployment has been debated since the birth of classical economics. Building on a previous study of Okun's Law—the relationship between output growth and unemployment, where productivity is assumed to be constant—this SCEPA Policy Note discusses productivity changes and their effect on unemployment over the short and long run.

Suggested Citation

  • Willi Semmler & Armon Rezai, 2007. "Productivity and Unemployment in the Short and Long Run," SCEPA policy note series. 2007-04, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    • Handle: RePEc:epa:cepapn:2007_04
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    File URL: https://www.economicpolicyresearch.org/images/docs/research/employment/Semmler-Rezai.pdf
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    Citations

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    Cited by:

    1. Valentina Diana Rusu & Adina Dornean, 2019. "The Quality of Entrepreneurial Activity and Economic Competitiveness in European Union Countries: A Panel Data Approach," Administrative Sciences, MDPI, vol. 9(2), pages 1-21, April.
    2. Gallegati Marco & Gallegati Mauro & Ramsey James B. & Semmler Willi, 2016. "Productivity and unemployment: a scale-by-scale panel data analysis for the G7 countries," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 20(4), pages 477-493, September.
    3. Otekhile Cathy-Austin & Zeleny Milan, 2016. "Self Service Technologies: A Cause Of Unemployment," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 4(1), pages 60-71, June.
    4. Krzysztof Bartosik, 2010. "Wpływ wydajności pracy na zatrudnienie w polskim przemyśle przetwórczym," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 7-8, pages 1-19.

    More about this item

    Keywords

    Productivity; Unemployment; Short Run; Long Run;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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