文章基本信息

标题：The Link between Unemployment Rate and Real Output in Eurozone: A Panel Error Correction Approach
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作者：Bülent Doğru ; Bülent Doğru
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2013
卷号：99
页码：94-103
DOI：10.1016/j.sbspro.2013.10.475
语种：English
出版社：Elsevier
摘要：AbstractIn this paper we investigate the relationship between economic growth andunemployment in Eurozone through the implementation of Okun's Law using annual panel dataset covering the time period 2000-2012. Panel error correction and panel co-integration methods are used to test the linkage between unemployment and growth rate. We also investigate unemployment hysteresis using several non-stationary panel unit root techniques for unemployment hysteresis in all Euroregions. Findings suggest that Okun's Law is valid but coefficients are less thanOkun's coefficient for USA and other empirical studies on developed countries. Also we find that the relationship between economic growth rate and unemployment rate vary between countries.
关键词：Okun's Law;Panel Unit Root;Panel Cointegration;Panel Error Correction Model