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A cross-country analysis of the Okun's law coefficient in Europe

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 0003-6846

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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.

Item type: Article
ID code: 3915
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: 21 May 2015 09:00

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