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Can the asymmetry of Okun's law be interpreted from a social perspective? Evidence from the World Bank [PDF]
Frontiers in Public Health, 2022 Okun's law is generally interpreted in economic terms. This paper is interpreted from a social perspective through regression and mediating effect models. Okun's law is demonstrated based on data from the World Development Indicators (WDI) dataset. There
Lin Yi +3 more
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On the nexus of inflation, unemployment, and economic growth in Ethiopia [PDF]
Heliyon, 2023 We investigate into nexus of inflation, unemployment, and economic growth for the least-developed, transition-undertaking, economy of Ethiopia using the yearly frequency of several macroeconomic series from 1980 to 2020.
Kasahun Niken +2 more
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Okun's law: output and unemployment [PDF]
Economic Synopses, 2010 U.S. output growth declined less than in most other industrialized countries while U.S.
Christopher J. Neely
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Validity of Okun’s Law in a spatially dependent and cyclical asymmetric context [PDF]
Panoeconomicus, 2022 The current article analyzes the validity of Okun’s Law and sizable distortions that can occur in the estimation when spatial dependence and cyclical asymmetric impacts are not considered, which is a concern commonly ignored by the existing literature ...
Duran Hasan Engin
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Stability and asymmetry in Okun’s law: Evidence from Spanish regional data [PDF]
Panoeconomicus, 2023 This paper analyzes Okun’s Law for Spain using regional data. The results confirm a very high Okun coefficient for Spain, with a high degree of regional heterogeneity.
Cutanda Antonio
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Okun's law in the Spanish regions [PDF]
Economics Bulletin, 2007 The purpose of this paper is to analyse Okun's law for Spain and its seventeen regions over the period 1980-2004. Based on its “gap†specification and using two different detrending techniques, the results show that an inverse relationship between ...
Adolfo Maza, José Villaverde
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Time-Frequency Varying Estimation of Okun’s Law in the European Union: A Wavelet-Based Approach
Engineering Proceedings, 2023 In this paper, we use the time-frequency wavelet estimators to analyze the robustness of Okun’s Law in the European Union across time and within various economic cycles.
Roman Mestre
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Organizations and Markets in Emerging Economies, 2021 This paper aims to examine the Algerian economy by applying Okun’s law to study the impact of real GDP on unemployment rates and examine the impact of labour market protection policies on Okun’s coefficients.
Bilal Louail, Djamel Benarous
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Explaining Deviations from Okun's Law
SSRN Electronic Journal, 2022 Despite its stability over time, as for any statistical relationship, Okun’s law is subject to deviations that can be large at times. In this paper, we provide a mapping between residuals in Okun’s regressions and structural shocks identified using a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations
Foroni, Claudia, Furlanetto, Francesco
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DANUBE: Law and Economics Review, 2017 Abstract We estimate the classic and the dynamic variant of Okun’s law for the Austrian labor market. We find that, for recent periods, the growth rate necessary to stabilize the unemployment rate equals 2.8 percent. Moreover, we find that the rate has been growing in recent quarters due to the increasing labor force size and the ...
Christl, Michael +2 more
openaire +2 more sources