THE HYPOTHESIS OF JOBLESS ECONOMIC GROWTH IN COUNTRIES WITH DIFFERENT LEVELS OF ECONOMIC DEVELOPMENT

Main Article Content

Piotr Misztal


Keywords : economic growth, employment, Okun's law
Abstract
The aim of this study is to analyze jobless growth hypothesis in economic theory and in countries with different levels of economic development. In empirical analysis were used countries of the so-called economic Triad (U.S., EU-15, Japan, China, India). In the article were used the research method based on the literature study in the field of macroeconomics and finance and econometric methods (Ordinary Least Squares). All statistics used in the study had an annual frequency and covered the period from 1990 to 2012. These data came from the statistical database of the international association of companies - The Conference Board Total Economy Database. On the basis of the study it was revealed the phenomenon of jobless growth in China and India. However, in the case of the USA, the EU-15 and Japan it was confirmed the positive impact of economic growth on changes in employment. The results of the investigation can be a starting point for further studies aimed to construction of a strategy for growth and economic development in Poland, while maintaining an optimum balance between the promotion of employment and labor productivity growth.

Article Details

How to Cite
Misztal, P. (2014). THE HYPOTHESIS OF JOBLESS ECONOMIC GROWTH IN COUNTRIES WITH DIFFERENT LEVELS OF ECONOMIC DEVELOPMENT. The Scientific Journal European Policies, Finance and Marketing, (12(61), 129–141. https://doi.org/10.22630/PEFIM.2014.12.61.33
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