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

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 paper › Discussion 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 language	English
Place of Publication	Glasgow
Publisher	University of Strathclyde
Number of pages	32
Publication status	Published - 13 Jul 2013

Publication series

Name	Strathclyde Discussion Papers in Economics
Publisher	University of Strathclyde
No.	13-12

Keywords

technological frontier
technical change
nonlinear model
Okun's Law

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Boussemert-etal-SDPE-2013-How-do-technical-change-and-technological-distanceFinal published version, 437 KB

Cite this

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

abstract = "How does technical change influence the size of the Okun{\textquoteright}s Law coefficient? Using a nonlinear version of Okun{\textquoteright}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",

keywords = "technological frontier, technical change, nonlinear model, Okun's Law",

author = "Jean-Philippe Boussemart and Walter Briec and Roger Perman and Christophe Tavera",

year = "2013",

month = jul,

day = "13",

language = "English",

series = "Strathclyde Discussion Papers in Economics",

publisher = "University of Strathclyde",

number = "13-12",