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The Hypothesis Of Jobless Economic Growth In The Global Triad Countries

Author

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  • Piotr Misztal

    (Jan Kochanowski University in Kielce, Poland)

Abstract

The aim of the study is to analyze the hypothesis of jobless economic growth in economic theory and in the Global Triad countries (U.S. , EU-15, Japan, China , India). In the article the research method based on the literature study in the field of macroeconomics and international finance were used, as well as econometric methods (Ordinary Least Squares). All the statistics used in the study had an an-nual frequency and covered the period from 1990 to 2012. These data came from the statistical database of the Business Membership and Research Association – The Conference Board Total Economy Database. On the basis of the study the phenomenon of jobless economic growth in China and India was revealed. How-ever, in the case of the USA, the EU-15 and Japan the positive impact of economic growth on changes in employment was confirmed.

Suggested Citation

  • Piotr Misztal, 2014. "The Hypothesis Of Jobless Economic Growth In The Global Triad Countries," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 9(3), pages 109-129, September.
    • Handle: RePEc:pes:ierequ:v:9:y:2014:i:3:p:109-129
    DOI: 10.12775/EQUIL.2014.020
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    References listed on IDEAS

    as
    1. Özlem Onaran, 2008. "Jobless Growth in the Central and Eastern European Countries," Working Papers wp165, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Catherine Saget, 2000. "Can the Level of Employment be Explained by GDP Growth in Transition Countries? (Theory versus the Quality of Data)," LABOUR, CEIS, vol. 14(4), pages 623-643, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Mihajlović Vladimir & Marjanović Gordana, 2021. "Challenges of the Output-Employment Growth Imbalance in Transition Economies," Naše gospodarstvo/Our economy, Sciendo, vol. 67(2), pages 1-9, June.

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    More about this item

    Keywords

    economic growth; employment; Okun 's law;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

    Statistics

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