A Cross-country Analysis of the Okun's Law Coefficient Convergence in Europe

Tavera, Christophe and Perman, Roger (2004) A Cross-country Analysis of the Okun's Law Coefficient Convergence in Europe. Discussion paper. University of Strathclyde, Glasgow.

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Abstract

In this paper, we examine whether 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. In the second step, we examine how the crosscountry variance of the OLC evolves over the decade until 2002 in the selected country groupings. We find evidence consistent with convergence of the OLC among northern European countries, and among countries with centralised wage bargaining, but an absence of convergence in other country groups.

ORCID iDs

Tavera, Christophe and Perman, Roger ORCID logoORCID: https://orcid.org/0000-0002-6862-7462;
  • Item type:Monograph(Discussion paper)
    ID code:67719
    Dates:
    Date
    Event
    23 June 2004
    Published
    Notes:Published as a paper within the Discussion Papers in Economics, No. 04-14 (2004)
    Subjects:Social Sciences > Economic Theory
    Department:Strathclyde Business School > Economics
    Depositing user: Pure Administrator
    Date deposited:07 May 2019 13:52
    Last modified:11 Nov 2024 16:04
    URI:https://strathprints.strath.ac.uk/id/eprint/67719
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