How Do Technical Change and Technological Distance Influence the Size of the Okun's Law Coefficient?

Boussemart, Jean-Philippe and Briec, Walter and Perman, Roger and Tavera, Christophe (2013) How Do Technical Change and Technological Distance Influence the Size of the Okun's Law Coefficient? Discussion paper. University of Strathclyde, Glasgow.

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    Abstract

    How does technical change influence the size of the Okun’s Law coefficient? Using a nonlinear version of Okun’s Law augmented with technical change and technological distance, we show that the impact of output movements on unemployment variations is influenced by the imitation or innovation origins of technical change