Kosfeld, Reinhold; Dreger, Christian - European Regional Science Association - 2005
unemployment rate. While Verdoorn's law focuses on the growth rate of output sufficient for an increase in employment, in Okun … growth needed for a rise in employment may not be sufficient for a simultaneous drop in the unemployment rate. Second … dimensions of the laws of Verdoorn and Okun. Threshold employment and unemployment, regional labour markets, spatial filtering …