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The Relationship between Unemployment and Economic Growth: National and Regional Level

Author

Listed:
  • Milen Velev

    (University of Bourgas, Bulgaria)

Abstract

The main goal of the study is to investigate the relationship between the unemployment rate and economic growth at national and regional level. This enables the quantification of the effect on output when the unemployment rate changes. A short review of the main theoretical concepts has been made, explaining relationships between economic growth and unemployment. � statistical analysis has been performed to study the relationships between the changes in real GDP and the unemployment rate, using annual and quarterly data. Finally, the obtained statistical models have been applied at national and regional level.

Suggested Citation

  • Milen Velev, 2017. "The Relationship between Unemployment and Economic Growth: National and Regional Level," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 39-57, April.
    • Handle: RePEc:nwe:iisabg:y:2017:i:2:p:39-57
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    More about this item

    Keywords

    unemployment; economic growth; national and regional level;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

    Statistics

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