He Relationship between Real Output (Real GDP) and Unemployment Rate: An Analysis of Okun’s Law for Eurozone

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dc.contributor.authorAltunöz, Utku
dc.date.accessioned2025-03-23T19:13:09Z
dc.date.available2025-03-23T19:13:09Z
dc.date.issued2019
dc.departmentSinop Üniversitesi
dc.description.abstractIn this study, the relationship between economic growth and unemployment in the euro area(eurozone) is investigated in the light of Okun’s Law by using annual panel data set covering the period2000-2012. Besides panel error correction and panel integration methods are used to test the linkbetween unemployment and growth rate, unemployment hysteresis was examined by using severalnon-stationary panel unit root techniques for in all countries included to the study. Findings of thisstudy propose that the Okun’s Law is valid. However, the cointegration coefficient is lower than theOkun’s coefficient calculated for the United States and other studies which was done for developedcountries. The US is included in the analysis as it has the strongest economy in the world. In addition,since growth and unemployment are more volatile in developing countries, they are included in theanalysis in order to compare with developed countries.
dc.identifier.endpage210
dc.identifier.issn1305-5577
dc.identifier.issue40
dc.identifier.startpage197
dc.identifier.trdizinid345474
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/345474
dc.identifier.urihttps://hdl.handle.net/11486/4016
dc.identifier.volume27
dc.indekslendigikaynakTR-Dizin
dc.institutionauthorAltunöz, Utku
dc.language.isoen
dc.relation.ispartofSosyoekonomi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_TR_20250323
dc.subjectİktisat
dc.titleHe Relationship between Real Output (Real GDP) and Unemployment Rate: An Analysis of Okun’s Law for Eurozone
dc.typeArticle

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