Since 2014
Okuns Law Revisited: Evidence From OECD Countries
International Business & Economics Research Journal
View Archive Info| Field | Value | |
| Title |
Okuns Law Revisited: Evidence From OECD Countries
|
|
| Creator |
Moazzami, B.
Dadgostar, B. |
|
| Subject |
Economics; Finance
|
|
| Description |
Okuns law is one of the most enduring stylistic facts in macroeconomics. The inverse relationship between the unemployment rate and the growth rate of real output, known as Okuns law, has important implications for macroeconomic policy, particularly in determining the optimal and desirable growth rate of output. This paper examines this relationship within an error correction modelling framework which tests the relationship as a long-run relationship while allowing short-run deviations from long-run equilibrium to take place. Using quarterly data for 13 OECD countries covering the period from 1988.I to 2007:IV, we find overwhelming support for Okuns law.
|
|
| Publisher |
The Clute Institute
|
|
| Date |
2011-02-15
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
|
| Format |
application/pdf
|
|
| Identifier |
https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/3156
10.19030/iber.v8i8.3156 |
|
| Source |
International Business & Economics Research Journal (IBER); Vol 8 No 8 (2009)
2157-9393 1535-0754 10.19030/iber.v8i8 |
|
| Language |
eng
|
|
| Relation |
https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/3156/3204
|
|