Can Policies Affect Employment Intensity of Growth? A Cross-Country Analysis
AbstractThe 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 12/218.
Date of creation: 01 Aug 2012
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-16 (All new papers)
- NEP-FDG-2012-09-16 (Financial Development & Growth)
- NEP-LAB-2012-09-16 (Labour Economics)
- NEP-LAM-2012-09-16 (Central & South America)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
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by ? in D'un champ l'autre on 2014-04-26 13:10:00
- 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.
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