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A cross-country study on Okun's Law

Sögner, Leopold and Stiassny, Alfred (2000) A cross-country study on Okun's Law. Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness", 13. Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.

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Okun's Law postulates an inverse relationship between movements of the unemployment rate and the real gross domestic product (GDP). In this article we investigate Okun's law for 15 OECD countries and check for its structural stability. By using data on employment and the labor force we infer whether structural instability is caused either from the the demand side or the supply side. (author's abstract)

Item Type: Paper
Keywords: Okun's Law / time variing parameter models
Classification Codes: JEL C51, D32
Divisions: Departments > Volkswirtschaft
Depositing User: Repository Administrator
Date Deposited: 04 Mar 2002 13:26
Last Modified: 16 Jun 2011 12:11
URI: http://epub.wu.ac.at/id/eprint/996


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