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Statements

Subject Item
n2:RIV%2F47813059%3A19520%2F13%3A%230002266%21RIV14-MSM-19520___
rdf:type
skos:Concept n16:Vysledek
rdfs:seeAlso
https://mme2013.vspj.cz/about-conference/conference-proceedings
dcterms: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.
dcterms:title
Verification of the Okun's Law Regarding Selected Newly Industrialized Countries Verification of the Okun's Law Regarding Selected Newly Industrialized Countries
skos:prefLabel
Verification of the Okun's Law Regarding Selected Newly Industrialized Countries Verification of the Okun's Law Regarding Selected Newly Industrialized Countries
skos:notation
RIV/47813059:19520/13:#0002266!RIV14-MSM-19520___
n16:predkladatel
n17:orjk%3A19520
n3:aktivita
n10:O
n3:aktivity
O
n3:dodaniDat
n9:2014
n3:domaciTvurceVysledku
n19:7342497 n19:4361687
n3:druhVysledku
n15:D
n3:duvernostUdaju
n8:S
n3:entitaPredkladatele
n21:predkladatel
n3:idSjednocenehoVysledku
113909
n3:idVysledku
RIV/47813059:19520/13:#0002266
n3:jazykVysledku
n12:eng
n3:klicovaSlova
newly industrialized countries; Okun's law; unemployment rate; gross domestic product growth
n3:klicoveSlovo
n5:newly%20industrialized%20countries n5:gross%20domestic%20product%20growth n5:Okun%27s%20law n5:unemployment%20rate
n3:kontrolniKodProRIV
[37E9032FDDBB]
n3:mistoKonaniAkce
College of Polytechnics Jihlava
n3:mistoVydani
Jihlava
n3:nazevZdroje
Proceedings of the 31st International Conference Mathematical Methods in Economics 2013
n3:obor
n4:AH
n3:pocetDomacichTvurcuVysledku
2
n3:pocetTvurcuVysledku
2
n3:rokUplatneniVysledku
n9:2013
n3:tvurceVysledku
MIELCOVÁ, Elena MAJEROVÁ, Ingrid
n3:typAkce
n6:WRD
n3:zahajeniAkce
2013-09-11+02:00
s:numberOfPages
6
n13:hasPublisher
College of Polytechnics Jihlava
n14:isbn
978-80-87035-76-4
n20:organizacniJednotka
19520