Nexus Between Economic Growth and Unemployment Rates: A Bibliometric Analysis of Various Methods and Mechanisms

Abstract

In economics, the nexus between economic growth and unemployment rates could be called a “puzzle.” In developed or developing countries, the major
problem in many countries is long-term unemployment. In this research, a bibliometric analysis is made using a quantitative method to find the main
patterns of the research line on this topic. We looked at two different time periods: 2003–2012 and 2013–2021. Most articles show that the nexus between growth and unemployment significantly depends on the actions of policymakers. During the period 2003-2012, “formal” methods were used most of the time. From 2013 to 2021, we saw that the “empirical” method was used more, while the “formal” method became less important. Instead, articles about the role of institutions in the labor market and the bargaining structure got the highest score.