Does One Law Fit All? Cross-Country Evidence on Okun’s Law
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DOI: 10.1007/s11079-019-09549-3
Abstract: This paper compares the performance of Okun’s Law in advanced and developing economies. On average, the Okun coefficient—which measures the short-run responsiveness of labor markets to output fluctuations—is about half as large in developing as… read more here.
Keywords: law; cross country; okun law; one law ... See more keywords