Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the …

Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases … genuine duration dependence will be stronger the more depressed the labour market. In conflict with this prediction this study … provides persuasive empirical evidence that the pattern of negative genuine duration dependence does not change over the …

Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases … genuine duration dependence will be stronger the more depressed the labour market. In conflict with this prediction this study … provides persuasive empirical evidence that the pattern of negative genuine duration dependence does not change over the …

Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases … genuine duration dependence will be stronger the more depressed the labor market. In conflict with this prediction this study … provides persuasive empirical evidence that the pattern of negative genuine duration dependence does not change over the …

summarized as follows: First, the estimation results suggest that Okun’s Law is valid, and hence job creation is associated with … not robust as they are sensitive to the choice of the estimation model and to the de-trending method. …