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The Impact of Economic Growth Process on Employment in European Union Countries

  • Emilia Herman

    ()

    (Academy of Economic Studies, Bucharest/„Petru Maior” University, Tg. Mures)

The purpose of the present study is to empirically investigate the effect of economic growth on employment in EU countries, between 2000 and 2010. The main findings of the paper suggest the existence of a low employment elasticity of economic growth in EU, but this has significant differences from one country to another. This fact highlights that one of the main problems of the European countries (especially those in the Eastern and Central EU) is their small capacity to generate employment under the conditions of the existence of an economic growth process. Taking into consideration that only the process of economic growth, which generates new jobs, is the one that assures the conditions for economic and human development it is highly important to act in order to increase the employment intensity of economic growth

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Article provided by Department of International Business and Economics from the Academy of Economic Studies Bucharest in its journal Romanian Economic Journal.

Volume (Year): 14 (2011)
Issue (Month): 42 (December)
Pages: 47-67

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Handle: RePEc:rej:journl:v:14:y:2011:i:42:p:47-67
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  1. Paul Beaudry & Fabrice Collard, 2002. "Why has the Employment-Productivity Tradeoff among Industrialized Countries been so strong?," NBER Working Papers 8754, National Bureau of Economic Research, Inc.
  2. Mourre, Gilles, 2004. "Did the pattern of aggregate employment growth change in the euro area in the late 1990s?," Working Paper Series 0358, European Central Bank.
  3. Flaig, Gebhard & Rottmann, Horst, 2009. "Labour Market Institutions and the Employment Intensity of Output Growth," Munich Reprints in Economics 20370, University of Munich, Department of Economics.
  4. Gilbert Cette & Samuel Chang & Maty Konte, 2011. "The decreasing returns on working time: an empirical analysis on panel country data," Applied Economics Letters, Taylor & Francis Journals, vol. 18(17), pages 1677-1682.
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