A cross-country analysis of the Okun's law coefficient in Europe

R.J. Perman, C. Tavera

Research output: Contribution to journalArticle

28 Citations (Scopus)

Abstract

The paper examines whether or not 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. The second step examines how the cross-country variance of the OLC evolves over the decade until 2002 in the selected country groupings. Evidence is found consistent with convergence of the OLC among northern European countries, and among countries with centralized wage bargaining, but an absence of convergence in other country groups.
LanguageEnglish
Pages2501-2513
Number of pages12
JournalApplied Economics
Volume37
Issue number21
DOIs
Publication statusPublished - 2005

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Coefficients
Okun's law
Cross-country analysis
Grouping
European countries
Rolling regression
Wage bargaining

Keywords

  • econometrics
  • economics
  • world economy

Cite this

Perman, R.J. ; Tavera, C. / A cross-country analysis of the Okun's law coefficient in Europe. In: Applied Economics. 2005 ; Vol. 37, No. 21. pp. 2501-2513.
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A cross-country analysis of the Okun's law coefficient in Europe. / Perman, R.J.; Tavera, C.

In: Applied Economics, Vol. 37, No. 21, 2005, p. 2501-2513.

Research output: Contribution to journalArticle

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