The purpose of this paper is to analyse Okun's law for Spain and its seventeen regions over the period 1980-2004. Based on its “gap” specification and using two different detrending techniques, the results show that an inverse relationship between unemployment and output holds for most of...

The purpose of this paper is to analyse Okun's law for Spain and its seventeen regions over the period 1980-2004. Based on its “gap†specification and using two different detrending techniques, the results show that an inverse relationship between unemployment and output holds for most...