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
Changes in cyclical patterns of the USA labor market: from the perspective of nonlinear Okun’s law
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DOI: 10.1080/02692171.2017.1339023
Abstract: The validity of Okun’s law has been debated because of the increase in cyclicality in aggregate hours after 1985. To investigate this, I measure Okun’s coefficients in three phases of the business cycle – recession,… read more here.
Keywords: usa labor; okun law; labor market; okun ... See more keywords
Okun’s law revisited: a threshold in regression quantiles approach
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DOI: 10.1080/13504851.2017.1316475
Abstract: ABSTRACT This article proposes, for the first time, a threshold in regression quantiles approach to the analysis of Okun’s law. By applying to US data over the 1948Q1–2016Q4 period, we have three major findings. First,… read more here.
Keywords: law; threshold regression; quantiles approach; okun law ... See more keywords
Can the asymmetry of Okun's law be interpreted from a social perspective? Evidence from the World Bank
Sign Up to like & getrecommendations! Published in 2022 at "Frontiers in Public Health"
DOI: 10.3389/fpubh.2022.1052812
Abstract: Okun's law is generally interpreted in economic terms. This paper is interpreted from a social perspective through regression and mediating effect models. Okun's law is demonstrated based on data from the World Development Indicators (WDI)… read more here.
Keywords: economic growth; social perspective; unemployment; okun law ... See more keywords