Growth and Jobs in Developing Economies: Trends and Cycles

By Zidong An, Tayeb Ghazi, Nathalie Gonzalez Prieto, Aomar Ibourk

November 17, 2017

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Zidong An, Tayeb Ghazi, Nathalie Gonzalez Prieto, and Aomar Ibourk. Growth and Jobs in Developing Economies: Trends and Cycles, (USA: International Monetary Fund, 2017) accessed December 3, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: Employment, Job creation, Labor, Labor markets, Production, Production growth, Unemployment rate

Keywords: Coefficient, Coefficient estimate, Economic Fluctuations, Employment, Employment growth, Employment structure, Global, Job creation, Labor markets, Okun coefficient, Okun’s Law, Production growth, Structural Breaks, Total employment, Unemployment rate, WP

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2017/257
Stock No:

WPIEA2017257
ISBN:

9781484329627
ISSN:

1018-5941

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