Author:
Podgórska Joanna,Leśniowska-Gontarz Małgorzata
Abstract
The aim of this study is to analyze the correlation between the unemployment rate and the rate of growth in two European countries: Poland and Spain; the hypotheses put forward are verified with the use of data from a public database of the OECD for the years 2002–2015. The first hypothesis assumes the existence of a relationship between the unemployment rate and changes in GDP. The second indicates that for every 2–3 percentage point decrease (increase) of real GDP in relation to potential GDP, the unemployment rate increases (decreases) by 1 percentage point in the two countries surveyed. The calculations verify positively the first hypothesis and, at the same time, falsify the second hypothesis for both countries.
Subject
General Earth and Planetary Sciences,General Environmental Science
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