Growth and Jobs in Developing Economies: Trends and Cycles
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Summary:
This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middle-income countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not synchronized with each other. Okun’s Law—the short-run relationship between output and labor market—holds in half of the countries in our sample and shows considerable cross-country heterogeneity.
Series:
Working Paper No. 2017/257
Subject:
Employment Job creation Labor Labor markets Production Production growth Unemployment rate
English
Publication Date:
November 17, 2017
ISBN/ISSN:
9781484329627/1018-5941
Stock No:
WPIEA2017257
Pages:
26
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