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This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …
Persistent link: https://www.econbiz.de/10015052585
unemployment that is in line with other emerging markets and regional peers. We also find that the relationship has been somewhat … components of GDP may cause different unemployment reactions, an important issue that has not been sufficiently addressed in the …
Persistent link: https://www.econbiz.de/10011965249
The objective of this paper is to measure the impact of economic growth on unemployment in the Jordanian economy in the … long-run effect on unemployment …
Persistent link: https://www.econbiz.de/10013053635
The present research provides evidence on the determinants driving the differences in the unemployment …
Persistent link: https://www.econbiz.de/10012129903
This article addresses the problem of the main factors driving sectoral unemployment in the Mediterranean countries … that they are dealing with the highest unemployment rates in the European Union and a certain typology of the economic … labour market mismatches on the unemployment rate at six economic sectors level. Our paper makes three contributions to the …
Persistent link: https://www.econbiz.de/10012174872
law with a focus on the dynamic part of the relationship. We find that the negative relationship between unemployment and … misspecification of the short run unemployment-output relationship. A mixed lag structure indirectly controls for missing explanatory …
Persistent link: https://www.econbiz.de/10012040048
Using U.S. real-time data, we show that changes in the unemployment rate unexplained by Okun's Law have significant … a change in potential GDP, the equilibrium unemployment rate, or the use of labor's intensive margin. …
Persistent link: https://www.econbiz.de/10009723755
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …
Persistent link: https://www.econbiz.de/10012841145
This paper studies the relationship between the change in the unemployment rate and output growth using an approach …
Persistent link: https://www.econbiz.de/10011940045
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …
Persistent link: https://www.econbiz.de/10012166007