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dc.contributor.authorCaporale, Guglielmo Mariaen
dc.contributor.authorŠkare, Marinkoen
dc.date.accessioned2011-07-13-
dc.date.accessioned2011-09-14T13:12:47Z-
dc.date.available2011-09-14T13:12:47Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/49489-
dc.description.abstractIn this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119 countries over the period 1970-2010, and also carry out multivariate Granger causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output growth, giving support to Phillips' Golden Triangle theory.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3502en
dc.subject.jelC23en
dc.subject.jelE24en
dc.subject.jelE31en
dc.subject.jelE60en
dc.subject.ddc330en
dc.subject.stwPhillips-Kurveen
dc.subject.stwBeschäftigungen
dc.subject.stwInflationen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwPanelen
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.titleEmployment growth, inflation and output growth: Was Phillips right? Evidence from a dynamic panel-
dc.typeWorking Paperen
dc.identifier.ppn664095992en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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