An analysis on the structural stability of Okun's law-A cross-country study

Leopold Sögner; Alfred Stiassny

doi:10.1080/00036840210124180

An analysis on the structural stability of Okun's law-A cross-country study

Leopold Sögner, Alfred Stiassny

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

Okun's law postulates an inverse relationship between movements of the unemployment rate and the real gross domestic product (GDP). This article investigates Okun's law for 15 OECD countries and checks for its the structural stability. By using data on employment and the labour force whether structural instability is caused either from the demand side or supply side is inferred.

Original language	English (US)
Pages (from-to)	1775-1787
Number of pages	13
Journal	Applied Economics
Volume	34
Issue number	14
DOIs	https://doi.org/10.1080/00036840210124180
State	Published - Sep 20 2002

ASJC Scopus subject areas

Economics and Econometrics

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10.1080/00036840210124180

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An analysis on the structural stability of Okun's law-A cross-country study

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