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used are the ARDL approach for the individual country and the panel data analysis for the entire sample. The period … summarized as follows: First, the estimation results suggest that Okun’s Law is valid, and hence job creation is associated with … Turkey. Fourth, our panel data analyses suggest that Okun’s Law is valid for the entire MENA sample; however, our estimations …
Persistent link: https://www.econbiz.de/10011635846
-parametric approach using functionally defined labor markets as study areas and the application of spatial econometric panel data models …
Persistent link: https://www.econbiz.de/10013084354
This study analyses the relationship between unemployment and economic growth at the international level, addressing the nature and decomposition of the Okun coefficient. Using World Bank data from 173 countries between 1991 and 2019, econometric techniques including decompositions and spatial...
Persistent link: https://www.econbiz.de/10015361646
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This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and 2019. We find our structural estimates are stable but substantially lower than the reduced-form estimates that tend to characterise the literature and that the responsiveness of...
Persistent link: https://www.econbiz.de/10015052585
Persistent link: https://www.econbiz.de/10015188326
spatial panel model with fixed effects. The model presented provides evidence of the importance of increasing returns to scale …
Persistent link: https://www.econbiz.de/10011479474
Two different approaches are used in this article to study productivity per employee: the determinants of its growth rate in the 1990s are first examined, and then the determinants of its level, using a more structural approach. ICT are shown to have a positive and significant effect on both...
Persistent link: https://www.econbiz.de/10014188048
This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...
Persistent link: https://www.econbiz.de/10012054782
Persistent link: https://www.econbiz.de/10008822752