"MIELCOV\u00C1, Elena" . "newly industrialized countries; Okun's law; unemployment rate; gross domestic product growth"@en . . . . "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 . . "2"^^ . "Proceedings of the 31st International Conference Mathematical Methods in Economics 2013" . . "2"^^ . "O" . . "MAJEROV\u00C1, Ingrid" . . . "RIV/47813059:19520/13:#0002266!RIV14-MSM-19520___" . "[37E9032FDDBB]" . "RIV/47813059:19520/13:#0002266" . "113909" . . . "College of Polytechnics Jihlava" . "Jihlava" . "978-80-87035-76-4" . . "2013-09-11+02:00"^^ . "College of Polytechnics Jihlava" . . "Verification of the Okun's Law Regarding Selected Newly Industrialized Countries"@en . "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." . . . "6"^^ . . "Verification of the Okun's Law Regarding Selected Newly Industrialized Countries"@en . "Verification of the Okun's Law Regarding Selected Newly Industrialized Countries" . . "19520" . . . "Verification of the Okun's Law Regarding Selected Newly Industrialized Countries" . "https://mme2013.vspj.cz/about-conference/conference-proceedings" .