GDP dynamics and unemployment changes in developed and developing countries

Unemployment and Gross Domestic Product: Evidence from Papua New Guinea

“…The result of the analysis shows that there is significant influence of unemployment on GDP in Papua New Guinea for the period 1991 -2019.This research's results are in line with previous researches (Bartolucci et al, 2018;Billi, 2020;Guerard et al, 2020). The influence of unemployment on GDP in Papua New Guineais significant because of the small number of people and most of them are workers, unemployment is very influential on GDP.…”

“…A large body of empirical research estimating the Okun coefficients has mostly assumed that causality operates in the reverse direction (i.e. changes in output explain variations in unemployment) (Bartolucci et al, 2018).Okun coefficients can change over time because the relationship of unemployment to output growth depends on laws, technology, preferences, social customs, and demographics (Neely, 2010). Billi (2020) compare the welfare performance of nominal GDP targeting relative to employment targeting, as well as to a conventional Taylor rule (used to calibrate the model)and the optimal monetary policy with commitment (representing an ideal benchmark).…”

The status of immigrants on Italian labour market in the context of economic decline: Evidence from survey, macroeconomic and big data

“…-GDP is inversely correlated to unemployment according to Okun law, this correlation being previously checked in the context of recent economic crisis for developed and developing countries by Bartolucci et al (2018) ; -Exports could be correlated to unemployment since the intensification of exports creates jobs opportunities that reduce unemployment (Subramaniam, 2008); -Inflation and unemployment are correlated according to Phillips curve, but this relationship should be checked using empirical data (Simionescu, 2014); -Housing costs and poverty might growth during the financial crisis might influence the labour market in both directions as Saunders et al (2016) showed for the recent economic crisis; -Aspects related to labour market are connected to unemployment issue (social transfers, labour productivity, tax on low wage, employment in knowledge-intensive activities) (Barnichon, 2010); -Adult participation in learning is related to unemployment since a part of unemployed people are subject to different learning programs to improve their (re)insertion of labour market (Pont, 2004).…”

Spatial impact of factors influencing the achievement of the Europa2020 employment targets

“…Numerous investigations have analysed GDP as a determining factor in labour market participation rates through ‘Okun's Law’ (Bartolucci, Choudhry, Marelli, & Signorelli, 2018; Freeman, 2000; Moosa, 1997). This law established a direct relationship between unemployment and the cyclical component of GDP (Okun, 1963).…”

“…Numerous studies have examined the factors affecting participation in the labour market, however there is minimal literature analysing the impact of those factors on the achievement of the strategy's employment target. Some investigations have examined the influence of GDP on unemployment through ‘Okun's Law’, highlighting the positive effect of economic growth on employment (Bartolucci, Choudhry, Marelli, & Signorelli, 2018). Other studies have shown the direct relationship between employment and education level (Noback, Broersma, & Van Dijk, 2013a; Reid, 2002), finding that the higher the education level, the higher the chances that a man or woman will participate in the labour market (Van Ham & Büchel, 2006).…”