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Employment, unemployment and output growth in booms and recessions: time series evidence from Finland, 1970-1996

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  • Jaakko Pehkonen

Abstract

The Finnish economy experienced dramatic changes in the early 1990s. The collapse of the economy in 1991 resulted in a 12% decline in GDP over the years 1991-1993, leading to a significant fall in the demand for labour and a rise in unemployment. The study contributes to the discussion on possible changes in the functioning of the Finnish economy by scrutinizing the stability of the employment/unemploymentoutput relation. The empirical analysis, based on aggregate variables from the period 1975-1996, suggests that the relationship between aggregate-level employment/ unemployment and output growth remained relatively stable throughout the investigation period.

Suggested Citation

  • Jaakko Pehkonen, 2000. "Employment, unemployment and output growth in booms and recessions: time series evidence from Finland, 1970-1996," Applied Economics, Taylor & Francis Journals, vol. 32(7), pages 885-900.
  • Handle: RePEc:taf:applec:v:32:y:2000:i:7:p:885-900
    DOI: 10.1080/000368400322228
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    Cited by:

    1. Afşin Şahin & Aysit Tansel & M. Hakan Berument, 2015. "Output–Employment Relationship Across Sectors: A Long- Versus Short-Run Perspective," Bulletin of Economic Research, Wiley Blackwell, vol. 67(3), pages 265-288, July.
    2. PERUGINI, Cristiano, 2009. "Employment Intensity Of Growth In Italy. A Note Using Regional Data," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 9(1).
    3. repec:ilo:ilowps:486701 is not listed on IDEAS

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