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  • Okun law as a rule of thumb is often criticized because of the so-called jobless recoveries and its stability in a variable economic environment and its usefulness is questioned. The incremental version of Okun law applied on the annual and quarterly data in Czech Republic during the period of 1997 - 2012 is discussed in this paper. The negative relationship between unemployment rate and the real GDP growth rate in a simple linear regression model is estimated by using OLS method, but with low coefficients of determination.
  • Okun law as a rule of thumb is often criticized because of the so-called jobless recoveries and its stability in a variable economic environment and its usefulness is questioned. The incremental version of Okun law applied on the annual and quarterly data in Czech Republic during the period of 1997 - 2012 is discussed in this paper. The negative relationship between unemployment rate and the real GDP growth rate in a simple linear regression model is estimated by using OLS method, but with low coefficients of determination. (en)
Title
  • Okun Law: An Empirical Investigation of an Incremental Version for the Czech Republic
  • Okun Law: An Empirical Investigation of an Incremental Version for the Czech Republic (en)
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  • Okun Law: An Empirical Investigation of an Incremental Version for the Czech Republic
  • Okun Law: An Empirical Investigation of an Incremental Version for the Czech Republic (en)
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  • RIV/60460709:41110/14:63584!RIV15-MSM-41110___
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  • RIV/60460709:41110/14:63584
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  • Incremental version of Okun law, unemployment rate, real GDP growth rate (en)
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  • [3702D4F3CAA7]
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  • Hradec Králové
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  • Hradec Králové
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  • The International Conference Hradec Economic Days 2014 Peer-Reviewed Conference Proceedings, Part IV. The International Conference Hradec Economic Days 2014 Economic Development and Management of Regions Hradec Králové, February 4th and 5th, 2014
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  • Gryčová, Marta
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  • 0
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  • Gaudeamus, the University of Hradec Králové, Czech Republic, Publication No 1309
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  • 978-80-7435-369-7
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  • 41110
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