This study re-evaluated Okun's law by applying breakpoint analysis; concerning this, the study analyzed six models including the first differenced, modified, and gap models. Empirical evidence reveals that models without breakpoints support the proposition of the conventional Okun's law, even...

This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middle-income countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common...

This study proposes a structural change with threshold approach to re-evaluate the empirical validity of Okun's law using data from Canada. Based on the Hodrick-Prescott and band-pass filtered data, we find strong support of structural change as well as threshold nonlinearity. This suggests that...