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Title: Short- and long- run linkages between employment growth, inflation and output growth: Evidence from a large panel
Authors: Caporale, GM
Skare, M
Keywords: Employment;Inflation;Output;Granger causality
Issue Date: 2011
Publisher: Brunel University
Citation: Economics and Finance Working Paper, 11-17, Oct 2011
Abstract: This study examines the short- and long-run linkages between employment growth, inflation and output growth applying panel cointegration and causality tests to data for 119 countries over the period 1970-2010. We find evidence of positive Granger causality running from output growth to employment growth in the short run. Employment growth Granger causes output growth with a negative sign in the long run. Inflation Granger causes employment and output growth positively in the short run and negatively in the long run.
Description: Copyright @ 2011 Brunel University
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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