Advanced Search
MyIDEAS: Login to save this paper or follow this series

Can Policies Affect Employment Intensity of Growth? A Cross-Country Analysis

Contents:

Author Info

  • Davide Furceri
  • Ernesto Crivelli
  • Joël Toujas-Bernate

Abstract

The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the period 1991 - 2009, the results suggest that structural policies aimed at increasing labor and product market flexibility and reducing government size have a significant and positive impact on employment elasticities. In addition, the results also suggest that in order to maximize the positive impact on the responsiveness of employment to economic activity, structural policies have to be complemented with macroeconomic policies aimed at increasing macroeconomic stability.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=26230
Download Restriction: no

Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 12/218.

as in new window
Length: 32
Date of creation: 01 Aug 2012
Date of revision:
Handle: RePEc:imf:imfwpa:12/218

Contact details of provider:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Email:
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC

Order Information:
Web: http://www.imf.org/external/pubs/pubs/ord_info.htm

Related research

Keywords: Employment; Unemployment; Labor markets; Production growth; labor market; labor market policies; employment intensity; job creation; labor force; effect on employment; unemployment rates; employment growth; labor costs; quality of employment; labor demand; long-term employment; total labor force; high unemployment; long-run employment; unemployment benefits; labor market policy; aggregate employment; job protection; labor market flexibility; labor market regulations; employment trends; employment rates; labor force entrants; labor market institutions; employment costs; duration of unemployment; labor market outcomes; total employment; effects on employment; unemployed; duration of unemployment benefits; employment performance; labor market reforms; employment patterns; global employment; labor regulation; employment opportunities; labor market decisions; unemployment outcomes; employment strategy; overall employment; employment protection; rigid labor market; employment estimates; labor market indicator; employment laws;

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Hubert Gabrisch & Herbert Buscher, 2005. "The unemployment-growth relationship in transition countries," IWH Discussion Papers 5, Halle Institute for Economic Research.
  2. Lorenzo E. Bernal-Verdugo & Davide Furceri & Dominique M. Guillaume, 2012. "Labor Market Flexibility and Unemployment," IMF Working Papers 12/64, International Monetary Fund.
  3. Marco Vivarelli, 2002. "Book review," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(6), pages 581-584.
    • A. Sandmo & M. Marquardt & H. Gottinger & U. Faigle & H. Kurz & J. Aubin & M. Vivarelli, 1998. "Book reviews," Journal of Economics, Springer, vol. 67(3), pages 338-351, October.
  4. Andrea Bassanini & Romain Duval, 2009. "Unemployment, institutions and reform complementarities: Re-assessing the aggregate evidence for OECD countries," Post-Print halshs-00395144, HAL.
  5. Horst Feldmann, 2006. "Government Size and Unemployment: Evidence from Industrial Countries," Public Choice, Springer, vol. 127(3), pages 443-459, June.
  6. Gilles Mourre, 2006. "Did the pattern of aggregate employment growth change in the Euro area in the late 1990s?," ULB Institutional Repository 2013/14299, ULB -- Universite Libre de Bruxelles.
  7. Andrea Bassanini & Romain Duval, 2006. "Employment Patterns in OECD Countries: Reassessing the Role of Policies and Institutions," OECD Economics Department Working Papers 486, OECD Publishing.
  8. Davide Furceri, 2010. "Long-run growth and volatility: which source really matters?," Applied Economics, Taylor & Francis Journals, vol. 42(15), pages 1865-1874.
  9. Roger Perman & Christophe Tavera, 2005. "A cross-country analysis of the Okun's Law coefficient convergence in Europe," Applied Economics, Taylor & Francis Journals, vol. 37(21), pages 2501-2513.
  10. Afonso, António & Furceri, Davide, 2010. "Government size, composition, volatility and economic growth," European Journal of Political Economy, Elsevier, vol. 26(4), pages 517-532, December.
  11. Kaufman, Roger T., 1988. "An international comparison of Okun's laws," Journal of Comparative Economics, Elsevier, vol. 12(2), pages 182-203, June.
  12. Davide Furceri & Lorenzo E. Bernal-Verdugo & Dominique M. Guillaume, 2012. "Crises, Labor Market Policy, and Unemployment," IMF Working Papers 12/65, International Monetary Fund.
  13. Freeman, Donald G, 2001. "Panel Tests of Okun's Law for Ten Industrial Countries," Economic Inquiry, Western Economic Association International, vol. 39(4), pages 511-23, October.
  14. Michael Bruno & Jeffrey D. Sachs, 1985. "Economics of Worldwide Stagflation," NBER Books, National Bureau of Economic Research, Inc, number brun85-1, June.
Full references (including those not matched with items on IDEAS)

Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. La dérégulation du marché du travail est-elle une solution au chômage ?
    by ? in D'un champ l'autre on 2014-04-26 13:10:00
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Emiliano COLANTONIO & Gianluigi NICO, 2014. "CAN OKUN’s LAW EXPLAIN DECENT WORK DEFICIT FOR YOUNG PEOPLE IN EUROPE? A FOCUS ON THE ROMANIAN ECONOMY," Romanian Journal of Economics, Institute of National Economy, vol. 38(1(47)), pages 5-35, June.
  2. Richter, Kaspar & Witkowski, Bartosz, 2014. "Does growth generate jobs in Eastern Europe and Central Asia ?," Policy Research Working Paper Series 6759, The World Bank.
  3. Aleksynska, Mariya, 2014. "Deregulating labour markets : how robust is the analysis of recent IMF working papers?," ILO Working Papers 484966, International Labour Organization.
  4. Louise Fox & Cleary Haines & Jorge Huerta Munoz & Alun H. Thomas, 2013. "Africa's Got Work to Do," IMF Working Papers 13/201, International Monetary Fund.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:12/218. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.