KITOV, Ivan; KITOV, Oleg - In: Theoretical and Practical Research in Economic Fields III (2012) 1, pp. 26-41
Using a modified version of Okun’s law, we have modeled the rate of unemployment and the employment/population ratio in … procedures in all studied counties: the deviation between the GDP deflator and CPI and the structural breaks in the modified Okun’s … law are synchronous. Statistically, the link between measured and predicted rate of (un)employment is characterized by R2 …