Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the relations between output and labor input across regions or across business cycles. Based on results by James D. Hamilton we replaced the United States UE with employment (EM)...

Ein wesentliches Ziel der Untersuchung war es festzustellen, welche Primäreffekte von der Durchführung von Messen und Ausstellungen in Deutschland ausgehen und, daraus abgeleitet, welche gesamtwirtschaftlichen Umsatz- bzw. Produktions- und Beschäftigungseffekte ihnen zugerechnet werden...

The current US oil and gas boom is injecting labour, capital and revenue into communities near reserves. Will these communities be cursed with lower long‐run incomes in the wake of the boom? We study the oil boom‐and‐bust cycle of the 1970s and 1980s to gain insights. Using annual data on...