An analysis on the structural stability of Okun's law-A cross-country study

Leopold Sögner, Alfred Stiassny

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Abstract

Okun's law postulates an inverse relationship between movements of the unemployment rate and the real gross domestic product (GDP). This article investigates Okun's law for 15 OECD countries and checks for its the structural stability. By using data on employment and the labour force whether structural instability is caused either from the demand side or supply side is inferred.

Original languageEnglish (US)
Pages (from-to)1775-1787
Number of pages13
JournalApplied Economics
Volume34
Issue number14
DOIs
StatePublished - Sep 20 2002

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ASJC Scopus subject areas

  • Economics and Econometrics

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