Relevant bibliographies by topics / Okum's law

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Academic literature on the topic 'Okum's law'

Author: Grafiati
Published: 7 June 2025
Last updated: 2 August 2025

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Journal articles on the topic "Okum's law"

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Farida, Millias Tuty, Anwar Chairil, and Ahlis Djirimu Moh. "Application of the Bourguignon Model to the Economy of Central Sulawesi, Indonesia." Journal of Economics, Finance And Management Studies 08, no. 05 (2025): 2810–24. https://doi.org/10.5281/zenodo.15393757.

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This study examined the factors influencing economic growth in Central Sulawesi using François Bourguignon’s PGI Triangle theory (Poverty, Growth, and Inequality). Despite high economic growth, persistent poverty, inequality, and unemployment indicated developmental imbalances. The research highlighted an anomaly where rapid growth coexisted with severe socio-economic disparities. The study introduced a novelty approach by modifying Bourguignon’s model to include unemployment (Okum's law) and applying the Lagged Adjustment Growth (LAG) framework to assess delayed effects. Us
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Nadeshan, Perenparaj, and Gnanachandran Gnanachandran. "Validity of Okun's law in Sri Lanka." International Journal of Business, Management and Economics 2, no. 2 (2021): 118–33. http://dx.doi.org/10.47747/ijbme.v2i2.253.

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The main goal of our research is to find out a relationship between the unemployment rate and the GDP growth rate in Sri Lanka according to Okun’s law and to know whether it can still be used as the best rule of thumb. This empirical analysis has employed the difference model, dynamic model, Error Correction Model (ECM) and Vector Error Correction Model (VECM) to validate the relationship between the unemployment rate and economic growth suggested by Okun's Law. The study is based on Quarterly data from 2004 Q1 to 2019 Q4. The results obtained through the application of varies econometric tech
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Astari, Mayra, Lies Maria Hamzah, and Arivina Ratih. "Hukum OKUN: Pertumbuhan Ekonomi dan Tingkat Pengangguran di Indonesia." Jurnal Ekonomi Pembangunan 8, no. 1 (2019): 37–44. http://dx.doi.org/10.23960/jep.v8i1.32.

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This study examined the validity of Okun's Law on the Indonesian economy by using the difference version of Okun's Law to obtain the Okun coefficient. This study uses the analysis of the Autoregressive Distributed Lag Model (ARDL). The estimation results concluded that Okun's Law proved to have a negative and significant effect on the Indonesian economy because the variable economic growth was shown to influence the unemployment variable statistically.
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Djamal, Dekkiche, and Laila Oulad Brahim. "Asymmetric Effect of GDP on Unemployment in North African Group Countries According to Okun's Law." Futurity Economics&Law 5, no. 1 (2025): 4–24. https://doi.org/10.57125/fel.2025.03.25.01.

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The purpose of this work is to study Okun's law in a sample of North African economies (Algeria, Tunisia, Morocco, Libya, and Egypt) by examining the impact of the output gap on the unemployment gap and contributing to economic growth to reduce unemployment. These investigations aim to fill a significant gap in the empirical literature on the motives of Okun law in developing countries in general and North African countries in particular. The panel nonlinear ARDL model was used to examine the presence of Okun's law in North African economies over the period 1991-2023. The results of testing Ok
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Eßlinger, Viola, and Helmut Wienert. "Okun's Law." WiSt - Wirtschaftswissenschaftliches Studium 42, no. 4 (2013): 192–96. http://dx.doi.org/10.15358/0340-1650_2013_4_192.

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Pan, Xingyi. "The Research on the Relationship between Economic Growth and Unemployment in Spain." BCP Business & Management 40 (March 8, 2023): 106–9. http://dx.doi.org/10.54691/bcpbm.v40i.4365.

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Spain’s economy is so volatile that unemployment is extremely high. What’s more, Spain has a dual labor market with many temporary contracts, which contributes to high unemployment. Thus, this study investigates the relationship between unemployment and GDP in Spain by implementing Okun's Law. Using annual data for the period 1972-2021, JMP was used to obtain a simple regression between unemployment rate and GDP and Inflation rate. Empirical results show that GDP is not related to unemployment. However, inflation is related to unemployment. Therefore, Okun’s law cannot be confirmed by Spain, a
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Chamberlin, Graeme. "Okun's Law revisited." Economic & Labour Market Review 5, no. 2 (2011): 104–32. http://dx.doi.org/10.1057/elmr.2011.21.

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Cuaresma, Jesus Crespo. "Okun's Law Revisited*." Oxford Bulletin of Economics and Statistics 65, no. 4 (2003): 439–51. http://dx.doi.org/10.1111/1468-0084.t01-1-00056.

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Andreescu, Francesca Dana. "Empirical Evidences Regarding Okun's Law in the Central and Eastern Europe in the Post – Financial Crisis Period." Proceedings of the International Conference on Business Excellence 18, no. 1 (2024): 358–66. http://dx.doi.org/10.2478/picbe-2024-0031.

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Abstract Numerous studies have been conducted based on Okun’s Law (1962), researchers proposing various approaches, while the two most common are the difference approach, which reflects the link between the variation of unemployment rate and the output growth, and the gap approach, which shows the relationship between the deviation of the actual unemployment rate from the natural unemployment rate and the Gross Domestic Product (GDP) gap. In order to see how the relationship looks like over time and how the Okun’s coefficient varies from country to country, this study analyzes the sensitivity
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Darman, Darman. "Pengaruh Pertumbuhan Ekonomi terhadap Tingkat Pengangguran: Analisis Hukum Okun." Winners 14, no. 1 (2013): 1. http://dx.doi.org/10.21512/tw.v14i1.639.

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The concept of a negative relationship between economic growth (Gross Domestic Product) and unemployment rate is known as Okun's law (Okun's Law) or the Okun coefficient. The application of Okun's law in Indonesia uses time series data from 1999 to 2013. The method used is the difference version of Okun's law to gain Okun coefficient and Ordinary Least Square (OLS) analysis to obtain the regression coefficients. In a macro-economic framework, Okun's law states that if the GDP grows at 2.5% above the trend, which has been achieved in a given year, the unemployment rate will fall by 1 %. From va
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Dissertations / Theses on the topic "Okum's law"

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Goussakov, Roma, and Valde Stjernström. "Estimating Okun’s law in Sweden : Effects of gender and age." Thesis, Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:ltu:diva-65220.

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The purpose of this thesis is to investigate whether Okun’s law is valid within Sweden. Furthermore, we are also interested in studying how it varies with different genders and age groups. Quarterly data on GDP and unemployment between the years 1980 to 2015 is used. Three different models have been tested on their ability to estimate Okun’s law and the model with the highest explanatory power was chosen. The results show that unemployment among men are more affected by changes in GDP growth than women, which likely is because more men tend to work in the private sector and women in the public
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Brittingham, Jane M. "Great Recession Dying, Okun's Law Resurrected." Scholarship @ Claremont, 2012. http://scholarship.claremont.edu/cmc_theses/456.

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Lang, Pernilla. "Okun's Law and Gender in Sweden." Thesis, Umeå universitet, Nationalekonomi, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-100226.

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Sögner, Leopold, and Alfred Stiassny. "A cross-country study on Okun's Law." Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, 2000. http://epub.wu.ac.at/996/1/document.pdf.

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Okun's Law postulates an inverse relationship between movements of the unemployment rate and the real gross domestic product (GDP). In this article we investigate Okun's law for 15 OECD countries and check for its structural stability. By using data on employment and the labor force we infer whether structural instability is caused either from the the demand side or the supply side. (author's abstract)<br>Series: Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"
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Javeid, Umer. "Okun's Law : Empirical Evidence from Pakistan (1981-2005)." Thesis, Södertörns högskola, Institutionen för samhällsvetenskaper, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-16168.

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The main objective of this research paper is to find the association between unemployment rate and GDP growth which is presented empirically by Arthur Okun’s in early 1960s. For this purpose I have used annual time series data during the period 1981-2005 of Pakistan. I applied difference version of Okun’s law which is more appropriate to access results directly from empirical data. In order to find long run relation between the variables I used Engle-Granger cointegration technique and Error Correction Mechanism (ECM) to find the short term behavior of GDP growth to its long run value. This pa
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Palma, Hugo Miguel Rosa da. "Growth and unemployment: understanding Okun's law for Portugal." Master's thesis, NSBE - UNL, 2014. http://hdl.handle.net/10362/11535.

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A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics<br>The goal of this research project is to study Okun’s Law for Portugal. This concept describes the relationship between GDP and unemployment. Through a Rolling Windows methodology it was possible to conclude that this relationship has not been stable and the correlation has been increasing over the years. There is also evidence of higher correlation during periods where GDP has grown less than the previous period. Nowadays, 1% GDP annual growth
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Vang, Christopher. "Okun’s Law in the Nordics." Thesis, Linköpings universitet, Nationalekonomi, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-177537.

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Okun´s law describes the empirical observation first made by Arthur Okun relating changes in an economy’s unemployment rate to changes in output. Where many earlier research papers since then focus on comparisons between countries, this paper attempts to assess whether Okun’s law is demonstrated in the five Nordic countries and analyse the relationship between unemployment and output in welfare states. The results show a significant statistical relationship and hopefully present an interesting opportunity for further research.
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Sögner, Leopold. "Okun's Law. Does the Austrian unemployment-GDP relationship exhibit structural breaks?" SFB Adaptive Information Systems and Modelling in Economics and Management Science, WU Vienna University of Economics and Business, 2000. http://epub.wu.ac.at/1446/1/document.pdf.

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Okun's Law postulates an inverse relationship between movements of the unemployment rate and the real gross domestic product (GDP). Empirical estimates for US data indicate that a two to three percent GDP growth rate above the natural or average GDP growth rate causes unemployment to decrease by one percentage point and vice versa. In this investigation we check whether this postulated relationship exhibits structural breaks by means of Markov-Chain Monte Carlo methods. We estimate a regression model, where the parameters are allowed to switch between different states and the switching process
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Boman, Viktor, and Örn André Netzén. "Okun’s law within the OECD : A cross-country comparison." Thesis, Umeå universitet, Nationalekonomi, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-140339.

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In the 60’s, the first article identifying the relationship between output growth and unemployment were released, with the purpose of providing a tool for US authorities to estimate the effect of labour policy on output. This article, presented by Arthur Okun, came to lay the foundation for the commonly known empirical relationship, named Okun’s law. However, since the 60’s, the world has gone through political and economic shocks, such as the oil crisis, fall of the berlin wall, the crisis of the 90’s, the financial crisis and crisis of 2008. These events open up the question: has the relatio
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Courtney, Hugh George. "The Beveridge Curve and Okun's Law : a re-examination of fundamental macroeconomic relationships in the United States." Thesis, Massachusetts Institute of Technology, 1991. http://hdl.handle.net/1721.1/13884.

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Books on the topic "Okum's law"

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Schnabel, Gert. Output trends and Okun's law. Bank for International Settlements, Monetary and Economic Dept., 2002.

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Attfield, C. L. F. Okun's Law, cointegration and gap variables. University ofBristol, Department of Economics, 1996.

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Martin, Watts. The alleged instability of the Okun's law relationship in Australia: An empirical analysis. University of Newcastle, Dept. of Economics, 1990.

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Banda, Mariano de la. Palabros de honor: Okupas y puntazos de la lengua española : las nuevas palabras admitidas por la Academia. Temas de Hoy, 2003.

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Ball, Laurence M., Daniel Leigh, and Prakash Loungani. Okun's Law: Fit at 50? International Monetary Fund, 2013.

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Ball, Laurence M., Daniel Leigh, and Prakash Loungani. Okun's Law: Fit At 50? International Monetary Fund, 2013.

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Ball, Laurence M., Daniel Leigh, and Prakash Loungani. Okun's Law: Fit at 50? International Monetary Fund, 2013.

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Hanusch, Marek. Jobless Growth? Okun's Law in East Asia. The World Bank, 2012. http://dx.doi.org/10.1596/1813-9450-6156.

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Saksonovs, Sergejs, Angana Banerji, and Huidan Huidan Lin. Youth Unemployment in Advanced Europe: Okun's Law and Beyond. International Monetary Fund, 2015.

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Banerji, Angana. Youth Unemployment in Advanced Europe: Okun's Law and Beyond. International Monetary Fund, 2015.

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Book chapters on the topic "Okum's law"

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Cuaresma, Jesús Crespo. "Okun’s Law." In The New Palgrave Dictionary of Economics. Palgrave Macmillan UK, 2018. http://dx.doi.org/10.1057/978-1-349-95189-5_2346.

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Cuaresma, Jesús Crespo. "Okun’s Law." In The New Palgrave Dictionary of Economics. Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/978-1-349-95121-5_2346-1.

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Bournakis, Ioannis, and Dimitris K. Christopoulos. "Output and Unemployment: Estimating Okun’s Law for Greece." In Political Economy Perspectives on the Greek Crisis. Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-63706-8_12.

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Porras-Arena, María Sylvina, and Ángel Luis Martín-Román. "Okun’s Law: The Relationship Between Unemployment and Economic Growth." In Handbook of Labor, Human Resources and Population Economics. Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-319-57365-6_433-1.

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Aoki, Masanao, and Hiroshi Yoshikawa. "A New Model of Labor Dynamics: Ultrametrics, Okun's Law, and Transient Dynamics." In Lecture Notes in Economics and Mathematical Systems. Springer Berlin Heidelberg, 2005. http://dx.doi.org/10.1007/3-540-27296-8_14.

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Amano, Masanori. "The NAIRU, Potential Output, and Okun’s Law: Postwar USA, UK, and Japan." In Money, Capital Formation and Economic Growth. Palgrave Macmillan UK, 2013. http://dx.doi.org/10.1057/9781137281838_5.

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Katris, Christos. "Okun’s Law in Greece in the Post-Crisis Era: An Empirical Study." In A New Growth Model for the Greek Economy. Palgrave Macmillan US, 2016. http://dx.doi.org/10.1057/978-1-137-58944-6_14.

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Salameh, Tamara Mahmoud, Khaled Mohammed Al-Sawaie, and Mohammad Adnan Alhabarneh. "Economic Growth and Unemployment: An Empirical Validation of Okun’s Law in Jordan." In Studies in Computational Intelligence. Springer Nature Switzerland, 2025. https://doi.org/10.1007/978-3-031-77925-1_38.

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Palumbo, Antonella, Claudia Fontanari, and Chiara Salvatori. "Okun’s law." In Elgar Encyclopedia of Post-Keynesian Economics. Edward Elgar Publishing Limited, 2023. http://dx.doi.org/10.4337/9781788973939.okuns.law.

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"Okun’s Law." In Macroeconomic Modeling. The MIT Press, 2025. https://doi.org/10.7551/mitpress/15639.003.0018.

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Conference papers on the topic "Okum's law"

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Vinokurov, Yevgeniy. "OKUN’S LAW CANCELS?" In Theory and Practice of Institutional Reforms in Russia [Text]: Collection of Scientific Works. CEMI RAS, 2019. http://dx.doi.org/10.33276/978-5-8211-0781-7-34-37.

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Liu, Yinwei, and Lin Zou. "Hue-Saturation-Value (HSV) Colour Model Prediction and Incentive Mechanism Based on Okun's Law and Big Data Tracing." In 2021 IEEE 21st International Conference on Software Quality, Reliability and Security Companion (QRS-C). IEEE, 2021. http://dx.doi.org/10.1109/qrs-c55045.2021.00038.

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Mestre, Roman. "Time-Frequency Varying Estimation of Okun’s Law in the European Union: A Wavelet-Based Approach." In ITISE 2023. MDPI, 2023. http://dx.doi.org/10.3390/engproc2023039009.

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Strielkowski, Wadim, Aida Guliyeva, Ulviyya Rzayeva, and Aynur Jabbarova. "Application of Information Technologies for Solving Economic Problems: In-depth Analysis of Okun’s Law for Azerbaijan." In 2022 IEEE 16th International Conference on Application of Information and Communication Technologies (AICT). IEEE, 2022. http://dx.doi.org/10.1109/aict55583.2022.10013648.

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Göl, Vildan, and Betül Yüce Dural. "Youth Unemployment and Youth not in Employment, Education or Training: An Assessment in Terms of The EU and Turkey." In International Conference on Eurasian Economies. Eurasian Economists Association, 2021. http://dx.doi.org/10.36880/c13.02594.

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Today, the European Union aims to integrate young people into the labour market and provide employment support. However, youth unemployment figures in the European Union are very serious. In addition to youth unemployment, NEET (Not in Education, Employment and Training) rates, which we hear frequently today and which is closely related to youth unemployment, have high rates both in the European Union and in Turkey. If these two main problems that countries have to deal with are not successful, they will impose serious costs on countries both socially and economically. Although education polic
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Reports on the topic "Okum's law"

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Ball, Laurence, Daniel Leigh, and Prakash Loungani. Okun's Law: Fit at Fifty? National Bureau of Economic Research, 2013. http://dx.doi.org/10.3386/w18668.

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Owyang, Michael T., Tara M. Sinclair, Rubén Hernández-Murillo, and Amy Guisinger. A State-Level Analysis of Okun's Law. Federal Reserve Bank of St. Louis, 2015. http://dx.doi.org/10.20955/wp.2015.029.

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Salazni, Mariana, and Valerie Mercer-Blackman. Unemployment and Growth: Does Okun's Law Apply to Trinidad and Tobago? Inter-American Development Bank, 2014. http://dx.doi.org/10.18235/0008447.

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Are output changes and the unemployment rate related in Trinidad and Tobago? According to the economic theory known as Okun's Law, the two variables should be negatively correlated, and for the United States this relation holds quite well. We test this hypothesis for the economy of Trinidad and Tobago using annual data between 1980 and 2012 and also look at more recent quarterly data, accounting for the fact that the energy sector is a large contributor to the country's GDP. We find that the relation between unemployment and real growth is negative but weaker in Trinidad and Tobago, compared w
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Chinn, Menzie, Laurent Ferrara, and Valérie Mignon. Post-recession US Employment through the Lens of a Non-linear Okun's law. National Bureau of Economic Research, 2013. http://dx.doi.org/10.3386/w19047.

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Fontanari, Claudia, Antonella Palumbo, and Chiara Salvatori. The Updated Okun Method for Estimation of Potential Output with Broad Measures of Labor Underutilization: An Empirical Analysis. Institute for New Economic ThinkingInstitute for New Economic Thinking Working Paper Series, 2021. http://dx.doi.org/10.36687/inetwp158.

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This paper extends to different indicators of labor underutilization the Updated Okun Method (UOM) for estimation of potential output proposed in Fontanari et al (2020), which, from a demand-led growth perspective, regards potential output as an empirical approximation to full-employment output, as in A.M.Okun’s (1962) original method. Based on the apparent incapability of the official rate of unemployment to fully account for labor underutilization, in this paper we offer estimates of Okun’s law both with broad unemployment indicators and with an indicator of ‘standardized hours worked’ which
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