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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
, and time periods, separate metaregressions are estimated; one using estimates with the unemployment rate as the dependent … variable, and the other with output as the dependent variable. Our findings indicate that the specification of the underlying … 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
-related variables accounts for changes (rises) in the Okun's parameter in the US in recent decades. Accordingly, the unemployment gap is … increasingly associated with a smaller output gap. Whilst the Great Recession accelerated that rise, the bulk of the change …
Persistent link: https://www.econbiz.de/10012135950
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
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
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …
Persistent link: https://www.econbiz.de/10015052585
changes in output on unemployment are least sensitive for states with relatively large employment within government … manufacturing sectors. States with lower manufacturing employment have a less sensitive output to unemployment relationship, but the …
Persistent link: https://www.econbiz.de/10010242983
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 … Wald test and error correction model provide exactly the same conclusion of a uni-directional causality from unemployment …
Persistent link: https://www.econbiz.de/10009788571
-term estimate of Okun’s coefficient implying that the deviation in unemployment during the crisis resulted from a larger output gap … commentators have argued that the subsequent rise in unemployment exceeded previous estimates of the elasticity of the unemployment … rate with respect to output growth, a statistical relationship known as Okun’s law. In contrast, others find a stable, long …
Persistent link: https://www.econbiz.de/10010205770