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Robust Estimates of Okun’s Coefficient for South Africa:

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  • Jean-Pierre Geldenhuys
  • Marina Marinkov

Abstract

Persistently high unemployment in South Africa, especially in the face of improved economic conditions since 1994, begs the question: Does unemployment in South Africa respond to changes in output? When considering the linkages between output and unemployment, it is useful to decompose unemployment into its three components: structural, frictional and cyclical unemployment. Deficient aggregate demand […]

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  • Jean-Pierre Geldenhuys & Marina Marinkov, 2007. "Robust Estimates of Okun’s Coefficient for South Africa:," Working Papers 055, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:055
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    References listed on IDEAS

    as
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    7. Dixon, R. & Thomson, J., 2000. "Okun's Law and Movements over Time in the Unemployment Rate in Australia," Department of Economics - Working Papers Series 741, The University of Melbourne.
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