Perman, R.J. and Tavera, C. (2005) A cross-country analysis of the Okun's law coefficient in Europe. Applied Economics, 37 (21). pp. 2501-2513. ISSN 0003-6846Full text not available in this repository. Request a copy from the Strathclyde author
The paper examines whether or not evidence is consistent with convergence of the Okun's Law coefficient (OLC) among several alternative groupings of European economies. A two-step empirical strategy is employed. The first step obtains rolling regression estimates of the OLC for individual European countries. The second step examines how the cross-country variance of the OLC evolves over the decade until 2002 in the selected country groupings. Evidence is found consistent with convergence of the OLC among northern European countries, and among countries with centralized wage bargaining, but an absence of convergence in other country groups.
|Keywords:||econometrics, economics, world economy, Economic Theory, Economics and Econometrics|
|Subjects:||Social Sciences > Economic Theory|
|Department:||Strathclyde Business School > Economics|
|Depositing user:||Strathprints Administrator|
|Date Deposited:||22 Aug 2007|
|Last modified:||22 Mar 2017 09:21|