Testing Okun’s Law in Spain and the G7 countries
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Title
Testing Okun’s Law in Spain and the G7 countriesAuthor (s)
Tutor/Supervisor; University.Department
Camarero Olivas, María AmparoDate
2022-06-08Publisher
Universitat Jaume IAbstract
This paper estimates Okun’s law in the G7 countries and Spain between 1971 and 2020.
It employs different specifications of the model, focusing on the dynamic part of the
relationship. I find that the negative ... [+]
This paper estimates Okun’s law in the G7 countries and Spain between 1971 and 2020.
It employs different specifications of the model, focusing on the dynamic part of the
relationship. I find that the negative relationship between output and unemployment
generally holds over the selected time period. Nevertheless, Okun’s coefficient varies
significantly across countries. The dynamic version can enlighten the different country
estimations that can be found in the literature. Time lags are used to avoid any possible
misspecification. Several regressions and tests are conducted to account for unit roots,
auto-correlation and structural breaks. [-]
Subject
Description
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2021/2022
Type
info:eu-repo/semantics/bachelorThesisRights
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- Grau en Economia [292]