Virén, Matti - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2000
This paper presents cross-country evidence on a nonlinear Okun curve. The analysis is based on a simple error-correction model of unemployment. The model is estimated using a threshold model estimator. Evidence from 20 OECD countries for 1960-1997 gives support for the existence of...