Okun's law. "An analysis of the Okun's law for Germany and Spain"
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Show full item recordcomunitat-uji-handle:10234/158176
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Title
Okun's law. "An analysis of the Okun's law for Germany and Spain"Author (s)
Tutor/Supervisor; University.Department
Camarero Olivas, María Amparo; Universitat Jaume I. Departament d'EconomiaDate
2018-07-13Publisher
Universitat Jaume IAbstract
The purpose of this paper is to assess the fulfillment of Okun´s Law both in the short and the long run in Germany and Spain for the periods 1990-2015 and 1970-2015, respectivelly. Using annual data, I have estimated ... [+]
The purpose of this paper is to assess the fulfillment of Okun´s Law both in the short and the long run in Germany and Spain for the periods 1990-2015 and 1970-2015, respectivelly. Using annual data, I have estimated two specifications usually found in the empirical literatura, the gap version and change version. Okun´s coefficient is obtained from a dynamic model that determines the relationship between output and unemployment. Our results show that the effect of the 1% change in output on the unemployment rate varies across countries and periods regardless of the two versions to determine Okun´s Law. [-]
Description
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2017/2018
Type
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This item appears in the folowing collection(s)
- Grau en Economia [289]