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Economic Growth and Unemployment: Theoretical Foundations of Okun's Law

In: Studies in Medium-Run Macroeconomics Growth, Fluctuations, Unemployment, Inequality and Policies

Author

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  • Hideyuki Adachi
  • Shin Imoto
  • Kazuyuki Inagaki

Abstract

The following sections are included:IntroductionProduction Function and Capital UtilizationDecisions of Firms on Capital Utilization and Labor EmploymentEquilibrium in the Goods Market and the Labor MarketDerivation of the Theoretical Equation of Okun's LawEmpirical AnalysisConclusionReferences

Suggested Citation

  • Hideyuki Adachi & Shin Imoto & Kazuyuki Inagaki, 2015. "Economic Growth and Unemployment: Theoretical Foundations of Okun's Law," World Scientific Book Chapters, in: Hideyuki Adachi & Tamotsu Nakamura & Yasuyuki Osumi (ed.), Studies in Medium-Run Macroeconomics Growth, Fluctuations, Unemployment, Inequality and Policies, chapter 3, pages 69-85, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814619585_0003
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    Cited by:

    1. Mengheng Li & Ivan Mendieta‐Muñoz, 2020. "Are long‐run output growth rates falling?," Metroeconomica, Wiley Blackwell, vol. 71(1), pages 204-234, February.

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