Growth and Jobs in Developing Economies [electronic resource] : Trends and Cycles / Zidong An.
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TextSeries: IMF Working Papers; Working Paper ; No. 17/257Publication details: Washington, D.C. : International Monetary Fund, 2017Description: 1 online resource (26 p.)ISBN: 1484329627 :Subject(s): All Countries | Business Fluctuations | Employment | Labor Force And Employment, Size, And StructureAdditional physical formats: Print Version:: Growth and Jobs in Developing Economies: Trends and CyclesOnline resources: IMF e-Library | IMF Book Store Abstract: This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middle-income countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not synchronized with each other. Okun's Law-the short-run relationship between output and labor market-holds in half of the countries in our sample and shows considerable cross-country heterogeneity.
This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middle-income countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not synchronized with each other. Okun's Law-the short-run relationship between output and labor market-holds in half of the countries in our sample and shows considerable cross-country heterogeneity.
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