Relationships between unemployment and economic growth – the review (results) of the theoretical and empirical research

• Authors: Katarzyna Nagel
• Languages of publication: EN

Abstracts

EN

The article aims to discuss the relationship between economic growth and unemployment as well as related determinant factors based on literature review. The traditional approach presents this relationship through the prism of the effects of creation, capitalization, pool of savings and creative destruction. Nowadays, an increasing number of researchers attach more importance to the impact of institutional factors, such as minimum and efficiency wages or the flexibility of the labor market. Both theoretical and empirical research reveal both the evolution of the relevant views and the lack of consistency between the concepts explaining the relationship between economic growth and unemployment in different regions of the world and in different groups of countries.

Keywords

EN

Economic growth; Okun law; Unemployment

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Journal of Economics and Management
• Year: 2015
• Volume: 20
• Pages: 64-79

Contributors

author

Katarzyna Nagel

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Identifiers

ISSN

1732-1948