A cross-country study on Okun's Law

Leopold Sögner; Alfred Stiassny

doi:10.57938/8745ea42-0330-434a-954a-9c754bdf93a4

A cross-country study on Okun's Law

Leopold Sögner, Alfred Stiassny

Department of Economics

Publication: Working/Discussion Paper › WU 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)

Original language	English
Place of Publication	Vienna
Publisher	Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business
DOIs	https://doi.org/10.57938/8745ea42-0330-434a-954a-9c754bdf93a4
Publication status	Published - 2000

Publication series

Series	Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"
Number	13

WU Working Paper Series

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

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