Simultaneous, endogenous, and bi-directional relationship between output, labour productivity, and employment: a 3SLS estimation of the employment version of Okun equation
Over the last few decades, the European Union (EU) has made progress in reducing economic disparities between Member States. However, persistent differences in employment rates remain, prompting a concerted effort to foster economic development conducive to job creation. However, the previous resea...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2024-10-01
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| Series: | Journal of Business Economics and Management |
| Subjects: | |
| Online Access: | https://mma.vgtu.lt/index.php/JBEM/article/view/22425 |