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Analysis of the relationship between economic growth and unemployment


  • �ubica Slu�n�

    () (University of Economics in Bratislava, Faculty of National Economy, Department of Economic Theory)


In the study we deal with two key indicators of economic development, which are economic growth and unemployment. We focus on their theoretical and practical aspects. We analyze their relationship and focus on its development in SR. The main part of the study is evaluation of the relationship between economic growth and unemployment on the basis of Okun�s law in the SR and comparison of these results with other members of EU. The last chapter contains prognosis of unemployment rate development, created on the basis of the equation derived from Okun�s law for SR.

Suggested Citation

  • �ubica Slu�n�, 2011. "Analysis of the relationship between economic growth and unemployment," EAPG Working Paper Series 003, Department of Economic Policy, Faculty of National Economy, University of Economics in Bratislava.
  • Handle: RePEc:brt:wpaper:003

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    Economic growth; Unemployment; Okun�s law; Correlation; Gross domestic product; Labour productivity;

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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