A cross-country study on Okun's Law

Publikation: Working/Discussion PaperWU Working Paper

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Abstract

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)
OriginalspracheEnglisch
ErscheinungsortVienna
HerausgeberInst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business
PublikationsstatusVeröffentlicht - 2000

Publikationsreihe

ReiheWorking Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"
Nummer13

WU Working Paper Reihe

  • Working Papers Series \ Growth and Employment in Europe Sustainability and Competitiveness

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