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In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α-βg_y, where β is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such values are in...
Persistent link: https://www.econbiz.de/10011112841
investments, reduced unemployment and increased labor migration. In the paper the system dynamics model, which describes …
Persistent link: https://www.econbiz.de/10009367975
every 1 percent growth in real output the unemployment rate decreases 0.5 percentage points. But recursive modelling reveals … rate of real output growth consistent with stable unemployment is 4.5% per annum. …
Persistent link: https://www.econbiz.de/10011265684
structural and cohesion funds, removed the trading barriers, increases foreign investments, reduced unemployment, increased labor …
Persistent link: https://www.econbiz.de/10009216353
between unemployment and economic growth for South African data between the periods 2000–2013. To attain this objective we … analysis proves that unemployment Granger causes economic growth in the long-run, a result which may account for the jobless …
Persistent link: https://www.econbiz.de/10011105342
, and time periods, separate metaregressions are estimated; one using estimates with the unemployment rate as the dependent … variable, and the other with output as the dependent variable. Our findings indicate that the specification of the underlying … unemployment and economic growth, researchers should bear in mind that there are a number of methodological choices that have …
Persistent link: https://www.econbiz.de/10013164466
Official statistics indicated a break in Okun's law in all the Spanish regions due to the COVID-19 pandemic; however, herein, evidence of the validity of the law is shown. The temporary layoff procedures (ERTE) allowed many workers to maintain their jobs. From the productive point of view, the...
Persistent link: https://www.econbiz.de/10013461322
-related variables accounts for changes (rises) in the Okun's parameter in the US in recent decades. Accordingly, the unemployment gap is … increasingly associated with a smaller output gap. Whilst the Great Recession accelerated that rise, the bulk of the change …
Persistent link: https://www.econbiz.de/10012135950
-related variables accounts for changes (rises) in the Okun's parameter in the US in recent decades. Accordingly, the unemployment gap is … increasingly associated with a smaller output gap. Whilst the Great Recession accelerated that rise, the bulk of the change …
Persistent link: https://www.econbiz.de/10012389548
The present research provides evidence on the determinants driving the differences in the unemployment-output …
Persistent link: https://www.econbiz.de/10012129903