EVIDENCE ON EMPLOYMENT RATE AND ECONOMIC GROWTH

Cornelia Văceanu
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Cornelia Văceanu: Bucharest Academy of Economic Studies

SEA - Practical Application of Science, 2014, issue 5, 669-674

Abstract: This paper explores a causal relationship between employment rate and economic growth for European Union countries, in general, and produces a structural assessment of employment on the background of labour market dynamics. Economic growth is the key in economic theory and the main source of well-being and quality of life. Since the 2008 financial crisis, most European countries have experienced job shortage and unemployment problem, but today's European economic outlook is strengthening on the bases of a GDP growing momentum. Empirical data shows, regardless the GDP's moderate positive trend, the employment rate did not increase enough. Given this, the present analysis address the question: to what extent the employment rate is affected by economic growth?

Keywords: Economic growth; Labour force; Employment rate; Employment elasticity (search for similar items in EconPapers)
JEL-codes: J21 O11 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2014:i:5:p:669-674

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