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In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α-βg_y, where β is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such values are in...
Persistent link: https://www.econbiz.de/10011112841
In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α - βΔy, where “β” is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such...
Persistent link: https://www.econbiz.de/10010778570
The present research provides evidence on the determinants driving the differences in the unemployment-output …
Persistent link: https://www.econbiz.de/10012129903
growth and unemployment in Mexico during the period 2000Q2-2018Q4. The results show that tourism growth is a palliative for … unemployment, whereas unemployment reduces the growth of the tourism sector. The results also show that the relationship between …
Persistent link: https://www.econbiz.de/10012131891
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …
Persistent link: https://www.econbiz.de/10010189833
We have modeled the employment/population ratio in the largest developed countries. Our results show that the evolution of the employment rate since 1970 can be predicted with a high accuracy by a linear dependence on the logarithm of real GDP per capita. All empirical relationships estimated in...
Persistent link: https://www.econbiz.de/10009220106
, unemployment, hours worked and wages. It highlights differences in the response of employment and unemployment across countries and … monthly job finding and separation rates. This helps to assess whether the increase in unemployment is due to an increase of … dynamics of unemployment and employment across different periods. It provides evidence of an asymmetric response over the cycle …
Persistent link: https://www.econbiz.de/10008682848
This paper examines the unemployment-output relationship in Greece, using a dynamic version of Okun’s Law. The Granger … causality tests indicate that real output is important to understanding future movements in unemployment. The Okun’s ratio is 3 …-to-1, implying that one percent increase in unemployment has been associated to a three percent decrease in real output …
Persistent link: https://www.econbiz.de/10010733771
us to unveil the different dynamic behaviour of the relationship between the output gap and the unemployment gap in the … responsiveness of the unemployment gap to the output gap in Andalusia is related to two main factors: the flows out of the labour … force in recession are larger in Andalusia, and the higher share of the agrarian unemployment. …
Persistent link: https://www.econbiz.de/10010992296
between unemployment and economic growth for South African data between the periods 2000–2013. To attain this objective we … analysis proves that unemployment Granger causes economic growth in the long-run, a result which may account for the jobless …
Persistent link: https://www.econbiz.de/10011105342