About: Verification of the Okun's Law Regarding Selected Newly Industrialized Countries

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Attributes	Values
rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
rdfs:seeAlso	https://mme2013.vspj.cz/about-conference/conference-proceedings
Description	The widely-used relationship between gross domestic product (GDP) growth and unemployment rate change time series - so-called Okun's Law - was originally revealed by an economist Arthur Okun in early 1960s. Okun observed the negative correlation between the two variables. The relation shows persistency in results over the long-term period. Now, students of economics learn that for 1 % excess of the natural unemployment rate, 2-3 % gross domestic product gap occurs. However, these numbers are based on empirical analysis from the data of the US economy. The main aim of this article is to ascertain validity of the Okun's Law regarding the selected Newly Industrialized Countries - Hong Kong, Singapore, Korea, Philippines, Indonesia, Malaysia and Thailand in 1990 - 2010. The analysis is based on two versions of Okun's law - the difference and the gap version of the Okun's law. Estimations based on the chosen data sets give different results comparing to those from the US time series. The widely-used relationship between gross domestic product (GDP) growth and unemployment rate change time series - so-called Okun's Law - was originally revealed by an economist Arthur Okun in early 1960s. Okun observed the negative correlation between the two variables. The relation shows persistency in results over the long-term period. Now, students of economics learn that for 1 % excess of the natural unemployment rate, 2-3 % gross domestic product gap occurs. However, these numbers are based on empirical analysis from the data of the US economy. The main aim of this article is to ascertain validity of the Okun's Law regarding the selected Newly Industrialized Countries - Hong Kong, Singapore, Korea, Philippines, Indonesia, Malaysia and Thailand in 1990 - 2010. The analysis is based on two versions of Okun's law - the difference and the gap version of the Okun's law. Estimations based on the chosen data sets give different results comparing to those from the US time series. (en)
Title	Verification of the Okun's Law Regarding Selected Newly Industrialized Countries Verification of the Okun's Law Regarding Selected Newly Industrialized Countries (en)
skos:prefLabel	Verification of the Okun's Law Regarding Selected Newly Industrialized Countries Verification of the Okun's Law Regarding Selected Newly Industrialized Countries (en)
skos:notation	RIV/47813059:19520/13:#0002266!RIV14-MSM-19520___
http://linked.open...avai/riv/aktivita	O
http://linked.open...avai/riv/aktivity	O
http://linked.open...vai/riv/dodaniDat	2014
http://linked.open...aciTvurceVysledku	Majerová, Ingrid Mielcová, Elena
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Slezská univerzita v Opavě / Obchodně podnikatelská fakulta v Karviné
http://linked.open...dnocenehoVysledku	113909
http://linked.open...ai/riv/idVysledku	RIV/47813059:19520/13:#0002266
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	newly industrialized countries; Okun's law; unemployment rate; gross domestic product growth (en)
http://linked.open.../riv/klicoveSlovo	Okun's law gross domestic product growth newly industrialized countries unemployment rate
http://linked.open...ontrolniKodProRIV	[37E9032FDDBB]
http://linked.open...v/mistoKonaniAkce	College of Polytechnics Jihlava
http://linked.open...i/riv/mistoVydani	Jihlava
http://linked.open...i/riv/nazevZdroje	Proceedings of the 31st International Conference Mathematical Methods in Economics 2013
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2013
http://linked.open...iv/tvurceVysledku	MIELCOVÁ, Elena MAJEROVÁ, Ingrid
http://linked.open...vavai/riv/typAkce	WRD - Světová
http://linked.open.../riv/zahajeniAkce	2013-09-11 (xsd:date)
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	College of Polytechnics Jihlava
https://schema.org/isbn	978-80-87035-76-4
http://localhost/t...ganizacniJednotka	19520

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