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-related variables accounts for changes (rises) in the Okun's parameter in the US in recent decades. Accordingly, the unemployment gap is …
Persistent link: https://www.econbiz.de/10012135950
it, I use a few alternative methods. As a dependent variable I use the gap of the unemployment rate while the independent …
Persistent link: https://www.econbiz.de/10005272641
effect of a change in the GNP gap on the unemployment rate varies from -0.280 in 1969.1 to -0.801 in 1982.4; the effect is … larger (smaller) when the unemployment rate is higher (lower); and the linear form can be rejected at the 1 percent level. To … reduce the unemployment rate by one percentage point in 1982.Q4, the author may overestimate the increase in actual real GNP …
Persistent link: https://www.econbiz.de/10005641868
, and time periods, separate metaregressions are estimated; one using estimates with the unemployment rate as the dependent … unemployment and economic growth, researchers should bear in mind that there are a number of methodological choices that have …
Persistent link: https://www.econbiz.de/10013164466
Official statistics indicated a break in Okun's law in all the Spanish regions due to the COVID-19 pandemic; however, herein, evidence of the validity of the law is shown. The temporary layoff procedures (ERTE) allowed many workers to maintain their jobs. From the productive point of view, the...
Persistent link: https://www.econbiz.de/10013461322
for Albania using time series data on real gross domestic product and unemployment rate from 1993 up to 2021. In addition … the natural rate of unemployment, we use the Hodrick-Prescott filter with a smoothing parameter λ=100. The analysis …
Persistent link: https://www.econbiz.de/10014264615
The objective of this paper is to measure the impact of economic growth on unemployment in the Jordanian economy in the … long-run effect on unemployment …
Persistent link: https://www.econbiz.de/10013053635
In this study, we use Okun’s Law to examine whether growth has been jobless in seventeen MENA countries. The methods used are the ARDL approach for the individual country and the panel data analysis for the entire sample. The period considered in this study is from 1980 to 2013. To test for...
Persistent link: https://www.econbiz.de/10011635846
Wald test and error correction model provide exactly the same conclusion of a uni-directional causality from unemployment … contrary to unemployment–output relationship even though unemployment rate determines the real output growth in Nigeria but not … drastic reduction of unemployment which is a pointer to increasing aggregate demand and output growth in Nigeria in the long …
Persistent link: https://www.econbiz.de/10009788571
The U.S. economy has experienced a significant drop in the fraction of the population employed in middle wage, "routine task-intensive" occupations. Applying machine learning techniques, we identify characteristics of those who used to be employed in such occupations and show they are now less...
Persistent link: https://www.econbiz.de/10012165673