Growth and Jobs in Developing Economies: Trends and Cycles

This paper focuses on low and lower middle-income countries along 2 dimensions: growth patterns and short-run correlations

From:
Foreign, Commonwealth & Development Office
Published
23 April 2019
Document Type:
Working Paper
Theme:
Economic Growth
First published:
17 November 2017
Authors:
An, Z, Ghazi, T and Prieto, N.G

Abstract

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 2 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鈥檚 Law鈥攖he short-run relationship between output and labor market鈥攈olds in half of the countries in our sample and shows considerable cross-country heterogeneity.

This work is part of the 鈥楳acroeconomics in Low-income countries鈥� programme

Citation

Zidong An, Tayeb Ghazi, Nathalie Gonzalez Prieto (2017) Growth and Jobs in Developing Economies: Trends and Cycles. IMF Working Paper No. 17/257

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Published 23 April 2019
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