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Output-unemployment asymmetry in Okun coefficients for OECD countries
Title Output-unemployment asymmetry in Okun coefficients for OECD countries Author info Martin Boďa, Mariana Považanová Author Boďa Martin 1984- (85%) UMBEF05 - Katedra kvantitatívnych metód a informačných systémov
Co-authors Považanová Mariana 1975- (15%) UMBEF02 - Katedra ekonómie
Source document Economic Analysis and Policy. No. 69 (2021), pp. 307-323. - Amsterdam : Elsevier B.V., 2021 Keywords Okunov zákon asymetria - asymmetry diferenčné rovnice - difference equations nezamestnanosť - unemployment Headings Geogr. Slovensko Form. Descr. články - journal articles Language English Country Australia Annotation Different asymmetries in Okun's law for 21 OECD countries over the period 19892019 are studied in the paper. To this end, an extended Okun equation accommodating possibly differentiated responsiveness to output and unemployment fluctuations is formulated applicable not only at the level of a whole economy, but also separately to gender-specific parts of the labor market in a system framework. For most of the countries, Okun's law asserts itself with a greater magnitude in years when output recedes than in those when it grows. In nearly all the countries, Okun's law is found stronger with decreases in unemployment and weaker or offset with rising unemployment. Finally, in the majority of the countries, male unemployment is more sensitive to output fluctuations than female unemployment, or there is no significant difference whatsoever. (c) 2020 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved. URL Link na plný text Public work category ADC No. of Archival Copy 50321 Repercussion category LIN, Yi - SONG, Kaifeng - TU, Jingbin - LAI, Liangrong. Can the asymmetry of Okun's law be interpreted from a social perspective? Evidence from the World Bank. In Frontiers in public health. ISSN 2296-2565, 2022, vol. 10, art. no. 1052812, pp. 1-13.
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YI, Lin - KAIFENG, Song - JINGBIN, Tu - LIANGRONG, Lai. Can the asymmetry of Okun's law be interpreted from a social perspective? Evidence from the World Bank. In Frontiers in public health. ISSN 2296-2565, 2022, vol. 10, art. no. 1052812, pp. 1-13.
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