A cross-country comparison of Okun's coefficient

Article Abstract:

Okun's law was tested for different countries to study the effect of economic growth on unemployment. The findings showed that employment in the Canada and United States was influenced more by economic growth than in Japan and Europe. This is attributed to US and Canada's job provisions restricting retrenchment during recessions and hiring additional workforce during company expansion. Also, the labor markets in the two countries are more liberal compared to those in Italy, France, Germany, United Kingdom and Japan.

Models, Canada, Japan, United States economic conditions

---

Business cycle in Czechoslovakia under central planning: were credit shocks causing it?

Article Abstract:

An analysis of credit market influence on the occurrence of business cyclicality in Czechoslovakia in the 1970s and 1980s reveals that credit shocks at least partially explain its occurrence. The results seem to indirectly support the inference that credit squeeze was a major factor in industrial output declines since monetary policy was not able to accomodate the adverse shocks experienced between 1980 and 1990.

Business cycles, Credit market, Credit markets, Czechoslovakia

---

Tariff reduction, tax replacement, and implications for income distribution in China

Article Abstract:

An analysis of tariff reduction and tax replacement effects on income distribution in China reveals that trade liberalization has the potential to enhance economic efficiency and income equality in the country. The study also reveals that a progressive income tax system is one of the most appropriate tax systems that the Chinese government can choose to replace lost tariff revenue due to trade liberalization.

Administration of General Economic Programs, Trade Regulations NEC, Research, Evaluation, Taxation, Trade policy, Social economics, Socioeconomics, International trade regulation, Commercial policy

Similar abstracts:

• Abstracts: Price, marginal cost and the business cycle. Exchange rates and strategic pricing: the case of Swedish machinery exports
• Abstracts: A comparison of artificial and human organizations. No-fault divorce in Canada: its cause and effect
• Abstracts: Wage interactions: comparisons or fall-back options? How low profitability and weak innovativeness undermined UK industrial growth
• Abstracts: Evolution of Hong Kong's electronics industry under a passive industrial policy. Japanese equity market response to U.S. administered protection decisions
• Abstracts: Optimal inflation contracts and inflation targets with uncertain central bank preferences: accountability through independence

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.