English, Article, Journal or magazine article edition: Stability of Okun's Law in a Codependent System Candelon, Bertrand C.B.; Hecq, Alain W.J.

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/4072
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Stability of Okun's Law in a Codependent System
Author
  • Candelon, Bertrand C.B.
  • Hecq, Alain W.J.
Physical Description
  • preprint
Notes
  • In this paper, we question the stability of Okun's law, i.e. the empirical regularity that seems to hold between economic activity and unemployment. To this aim, we propose to build two complementary indicators of real rigidity, using the codependence methodology. The first one is a recursive estimation of Okun's coefficient, and the second one is a measure of persistence defined by the dimension of the dynamic structure. For the sample of OECD countries that we considered, it appears that only two of them (Italy and Belgium) present a high degree of such rigidities. The recursive analysis proves that all countries tend to be more flexible, confirming the movement towards more flexible labor markets. This analysis provides powerful tools for a better understanding of the dynamics within Okun's law.
  • codependence; Okun's Law; GMM; Recursive Estimates
  • RePEc:ctl:louvir:1998016
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment