Unemployment and growth in advanced economies in the pre-crisis period

Milan Palát
2013 Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis  
PALÁT MILAN: Unemployment and growth in advanced economies in the pre-crisis period. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013, LXI, No. 2, pp. 445-450 The paper is aimed at assessing the relationship between the unemployment growth rate and the real GDP growth rate in three biggest advanced economic bodies of the world. In the statistical part of the paper the correlation determination of the real GDP growth rate and unemployment rate has been examined. The
more » ... sults of quantitative methods especially regression and correlation analysis statistically approved the correlation of chosen characteristics including the statistical signifi cance in Japan and the United States. The situation in the European Union diff ers from the results of two other examined economies and the existence correlation hadn't been proven statistically. This might be caused by a relatively specifi c economic development, structural and institutional changes which had occurred in the European Union during the reference period and which has had signifi cant impacts for output and unemployment. Address Ing.
doi:10.11118/actaun201361020445 fatcat:eygea2j3hbbhlbazwal5phhvoq