IDEAS home Printed from https://ideas.repec.org/a/voj/journl/v70y2023i2p219-238id972.html
   My bibliography  Save this article

Stability and Asymmetry in Okun’s Law. Evidence from Spanish Regional Data

Author

Listed:
  • Antonio Cutanda

Abstract

This paper analyzes Okun’s Law for Spain using regional data. The results confirm a very high Okun coefficient for Spain, with a high degree of regional heterogeneity. Furthermore, we find that panel data techniques provide notably more stable estimates than time series techniques applied to the same regional data. Finally, the results reveal a remarkable degree of regional heterogeneity in cyclical asymmetry in Okun’s Law for the Spanish case. JEL: E24, E32, R11.

Suggested Citation

  • Antonio Cutanda, 2023. "Stability and Asymmetry in Okun’s Law. Evidence from Spanish Regional Data," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 70(2), pages 219-238.
    • Handle: RePEc:voj:journl:v:70:y:2023:i:2:p:219-238:id:972
    as

    Download full text from publisher

    File URL: https://panoeconomicus.org/index.php/jorunal/article/view/972/767
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Unemployment; Okun’s law; Economic cycles; Regional growth;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:voj:journl:v:70:y:2023:i:2:p:219-238:id:972. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivana Horvat (email available below). General contact details of provider: https://panoeconomicus.org/index.php/jorunal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.