Is there a Trade-off between Output and Unemployment? An Evidence from Okun’s Law for G-20 Countries

Hakan ACAROĞLU

doi:https://doi.org/10.17153/oguiibf.405529

Makale detayları

Is there a Trade-off between Output and Unemployment? An Evidence from Okun’s Law for G-20 Countries

Yazarlar:

Hakan ACAROĞLU

Yayıncı:

Eskişehir Osmangazi University

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Eskişehir Osmangazi University Journal of Economics and Administrative Sciences 2018 Vol.13 Issue 2, pp.147-162

Belge Tipi:

Makale

Yayın Tarihi:

8/2018

Belge Dili:

İngilizce

Document ID (Org No.):

2000416095

eISSN:

1306-6293

pISSN:

1306-6730

DOI:

https://doi.org/10.17153/oguiibf.405529

Özet:

 


There
can be a trade-off between output and unemployment which is formally called in
literature as Okun’s Law for G-20 countries. The objective of this research is
to reconsider Okun’s Law for G-20 countries with time-series data over the
period 1991-2014. First order difference and “gap” specification methods are
used for testing the relationship. Three different filtering techniques;
Hodrick-Prescott (HP), Chiristiano-Fitzgerald (CF) and Butterworth (BW) are
conducted for the gap specification method. For all methods, the results
validate the existence of inverse relation between output and unemployment in most
of the countries. An interesting finding is China, Indonesia, Saudi Arabia and, Turkey
do not
satisfy the Okun’s coefficient with at least one of these filtering techniques.
It is understood that, Group of G-20 countries display different Okun’s
coefficients depending on their development structures and productivity
heterogeneities.

.

Makale detayları

Is there a Trade-off between Output and Unemployment? An Evidence from Okun’s Law for G-20 Countries

Yazarlar: Hakan ACAROĞLU

Yayıncı: Eskişehir Osmangazi University

Ana Başlıklar: Sosyoloji & antropoloji

Dergi: Eskişehir Osmangazi University Journal of Economics and Administrative Sciences 2018 Vol.13 Issue 2, pp.147-162

Belge Tipi: Makale

Yayın Tarihi: 8/2018

Belge Dili: İngilizce

Document ID (Org No.): 2000416095

eISSN: 1306-6293

pISSN: 1306-6730

DOI: https://doi.org/10.17153/oguiibf.405529

Sayı

Yazarlar:

Hakan ACAROĞLU

Yayıncı:

Eskişehir Osmangazi University

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Eskişehir Osmangazi University Journal of Economics and Administrative Sciences 2018 Vol.13 Issue 2, pp.147-162

Belge Tipi:

Makale

Yayın Tarihi:

8/2018

Belge Dili:

İngilizce

Document ID (Org No.):

2000416095

eISSN:

1306-6293

pISSN:

1306-6730

DOI:

https://doi.org/10.17153/oguiibf.405529