RT info:eu-repo/semantics/article
T1 The correlation between unemployment and economic growth in Latin America – Okun’s law estimates by country
A1 Martín Román, Ángel L.
AB Abstract. The authors question the validity of Okunʼs law in Latin America inthis paper. Based on several econometric models, they show that fluctuations ineconomic activity have a lesser impact on unemployment rates in Latin Americancountries than in other, more advanced economies. Instead of stimulus policies focusedon reducing unemployment in general, these countries need targeted policiesthat encourage job creation in specific sectors. That being said, the unemployment–output ratio differs from one Latin American country to another. Where the ratiois weak or non-existent, cyclical variations adversely affect the quality of employment– another aspect that must also be addressed by economic policy.
PB Wiley
YR 2023
FD 2023
LK https://uvadoc.uva.es/handle/10324/62192
UL https://uvadoc.uva.es/handle/10324/62192
LA eng
NO PORRAS‐ARENA, M. S., & MARTÍN‐ROMÁN, Á. L. (2023). The correlation between unemployment and economic growth in Latin America–Okun's law estimates by country. International Labour Review.
NO Producción Científica
DS UVaDOC
RD 26-dic-2024