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  • The main aim of this article is to study the Okun's Law - the mutual relationship between the gross domestic product (GDP) and unemployment rate time series - on data from two transition countries, in this case on data from the Czech and Slovak Republics in 1995-2010. The analysis is based on two versions of Okun's law - the difference and the gap version of the Okun's law. Estimations of Okun's law coefficients show the persistence of basic rule - the GDP growth causes the unemployment rate decrease. However, estimations based on the Czech and Slovak data sets give different results comparing to those from the US time series.
  • The main aim of this article is to study the Okun's Law - the mutual relationship between the gross domestic product (GDP) and unemployment rate time series - on data from two transition countries, in this case on data from the Czech and Slovak Republics in 1995-2010. The analysis is based on two versions of Okun's law - the difference and the gap version of the Okun's law. Estimations of Okun's law coefficients show the persistence of basic rule - the GDP growth causes the unemployment rate decrease. However, estimations based on the Czech and Slovak data sets give different results comparing to those from the US time series. (en)
Title
  • Okun's Law in Transition Economies - the Case of the Czech and Slovak Republics 1995-2010
  • Okun's Law in Transition Economies - the Case of the Czech and Slovak Republics 1995-2010 (en)
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  • Okun's Law in Transition Economies - the Case of the Czech and Slovak Republics 1995-2010
  • Okun's Law in Transition Economies - the Case of the Czech and Slovak Republics 1995-2010 (en)
skos:notation
  • RIV/47813059:19520/11:#0001848!RIV13-MSM-19520___
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  • 217867
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  • RIV/47813059:19520/11:#0001848
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  • Okun's law, GDP, unemployment rate (en)
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  • [0EB424A824FB]
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  • Jánská Dolina, SR
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  • Praha
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  • PROCEEDINGS OF THE 29TH INTERNATIONAL CONFERENCE ON MATHEMATICAL METHODS IN ECONOMICS 2011, PTS I AND II
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  • Mielcová, Elena
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  • 000309074600079
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  • PROFESSIONAL PUBLISHING
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  • 978-80-7431-058-4
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  • 19520
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