COST ANALYSIS IN FRUIT AND VEGETABLE PROCESSING PLANTS

Rahmatullayev Mirjalol Khatam Ogli

GREEN ECONOMY AND DEVELOPMENT, 2026, vol. 4, issue 2

Abstract: This article presents a systematic review of the theoretical and empirical literature examining the interrelationshipbetween inflation, economic growth, and unemployment within the frameworks of the Phillips Curve and Okun’s Law. Thestudy provides a comprehensive reassessment of these fundamental macroeconomic relationships in the context of jobcreation and job reallocation processes, with particular attention to emerging and transition economies.The review synthesises classical, expectations-augmented, and New Keynesian interpretations of the inflation–unemployment relationship, alongside modern extensions that incorporate nonlinearity, asymmetry, and structural changesin the growth–unemployment nexus. It also evaluates how macroeconomic fluctuations, supply-side developments, policyframeworks, and institutional characteristics influence the stability and magnitude of these relationships over time.Special attention is given to empirical evidence from developing and post-transition economies, where traditional linearspecifications may not fully reflect the complexity of labour market dynamics. The article emphasises the importance ofincorporating cyclical asymmetries, business cycle phases, and structural factors when analysing employment responsesto macroeconomic developments.Methodologically, the study adopts a structured analytical review approach, comparing theoretical concepts with crosscountryempirical findings. Job creation and job reallocation are interpreted as macroeconomically influenced processesshaped not only by output dynamics but also by inflation expectations, monetary and fiscal policy coordination, andinstitutional conditions.The main contribution of the article lies in integrating the Phillips Curve and Okun’s Law into a unified analytical frameworkthat explains the link between macroeconomic variability and employment dynamics. By systematising existing theoreticaland empirical evidence, the study provides a conceptual basis for future empirical research and policy developmentaimed at supporting sustainable and employment-oriented economic growth.

Keywords: inflation; economic growth; unemployment; phillips curve; okun’s law; job creation; employment dynamics; macroeconomic stability (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:4:y:2026:i:2:id:9282

DOI: 10.5281/zenodo.18714625

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