How Do Technical Change and Technological Distance Influence the Size of the Okun's Law Coefficient?

Jean-Philippe Boussemart, Walter Briec, Roger Perman, Christophe Tavera

Research output: Working paperDiscussion paper

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Abstract

How does technical change influence the size of the Okun’s Law coefficient? Using a nonlinear version of Okun’s Law augmented with technical change and technological distance, we show that the impact of output movements on unemployment variations is influenced by the imitation or innovation origins of technical change
Original languageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Pages1-31
Number of pages32
Publication statusPublished - Dec 2013

Publication series

NameStrathclyde Discussion Papers in Economics
PublisherUniversity of Strathclyde
No.13-12

Keywords

  • technological frontier
  • technical change
  • nonlinear model
  • Okun's Law

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