Output, unemployment and Okun's Law: some evidence from the G7

Malley, J. and Molana, H. (2008) Output, unemployment and Okun's Law: some evidence from the G7. Economics Letters, 101(2), pp. 113-115. (doi:10.1016/j.econlet.2008.06.013)

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Abstract

An economy may move between ‘high-effort' and ‘low-effort' states. Our estimates of the threshold unemployment rate which separates these states are significantly positive for G7 countries; only German data exhibit tendency to being persistently in the high-effort state.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Malley, Professor Jim
Authors: Malley, J., and Molana, H.
Subjects:H Social Sciences > HB Economic Theory
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Economics Letters
ISSN:0165-1765
Published Online:04 July 2008

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