Muscatelli, V. A. and Tirelli, P. (2001) Unemployment and growth: some empirical evidence from structural time series models. Applied Economics, 33(8), pp. 1083-1088. (doi: 10.1080/00036840010003276)
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Abstract
This study investigates the empirical relationship between unemployment and growth in a number of OECD economies. A structural time series model is used for labour productivity growth to demonstrate that, in most economies, there seems to be a negative correlation between unemployment and labour productivity growth. The results provide little support for the theory that recessions may stimulate productivity growth. The use of a structural time series approach allows an attempt to model the underlying dynamics of productivity growth jointly with the effect of unemployment.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Muscatelli, Professor Anton |
| Authors: | Muscatelli, V. A., and Tirelli, P. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Applied Economics |
| Publisher: | Taylor and Francis |
| ISSN: | 0003-6846 |
| ISSN (Online): | 1466-4283 |
| Published Online: | 05 October 2010 |
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