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  • 标题:THE CORRELATION BETWEEN UNEMPLOYMENT AND REAL GDP GROWTH. A STUDY CASE ON ROMANIA
  • 本地全文:下载
  • 作者:Dumitrescu Bogdan Andrei Dedu Vasile Enciu Adrian
  • 期刊名称:Annals of the University of Oradea : Economic Science
  • 印刷版ISSN:1222-569X
  • 电子版ISSN:1582-5450
  • 出版年度:2009
  • 卷号:XVIII
  • 期号:02
  • 出版社:University of Oradea
  • 摘要:A sustainable rate of real GDP growth is one of the best ways to promote the rise of living standards. From a neoclassical point of view the underlying factors that affect economic growth are saving, population growth and technological progress. Unemployment is also very important for obtaining a sustainable economic growth. If unemployment is below its natural level, economic growth will generate higher inflation .This paper emphasizes the link between real GDP growth and unemployment, as described by Okun’s law. The empirical analysis shows that a rise of one percentage point of unemployment is associated with a decline of roughly half percentage point of real GDP growth.
  • 关键词:economic growth, natural rate of unemployment, Okun’s law
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