SHORT- AND LONG-RUN LINKAGES BETWEEN EMPLOYMENT GROWTH, INFLATION AND OUTPUT GROWTH: EVIDENCE FROM A LARGE PANEL
对119个国家1970-2010年的数据应用面板协整和因果检验，发现短期产出增长正向促进就业增长，长期就业增长反向影响产出增长，通胀短期正向、长期负向影响就业和产出。
This study examines the short- and long-run linkages between employment growth, inflation and output growth applying panel cointegration and causality tests to data for 119 countries over the period 1970–2010. We find evidence of positive Granger causality running from output growth to employment growth in the short run. Employment growth Granger causes output growth with a negative sign in the long run. Inflation Granger causes employment and output growth positively in the short run and negatively in the long run.