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Why did unemployment respond so differently to the global financial crisis across countries? Insights from Okun’s Law

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Cited by:

  1. Binh Thai Pham & Hector Sala, 2023. "Fiscal deficits and the socioeconomic consequences of rebalancing: Insights from a TVP‐VAR with stochastic volatility," Australian Economic Papers, Wiley Blackwell, vol. 62(2), pages 214-235, June.
  2. de Mendonça, Helder Ferreira & de Oliveira, Diego S.P., 2019. "Firms' confidence and Okun's law in OECD countries," Economic Modelling, Elsevier, vol. 78(C), pages 98-107.
  3. Lorenzo Carbonari & Vincenzo Atella & Paola Samà, 2018. "Hours worked in selected OECD countries: an empirical assessment," International Review of Applied Economics, Taylor & Francis Journals, vol. 32(4), pages 525-545, July.
  4. Koutroulis, Aristotelis & Panagopoulos, Yannis & Tsouma, Ekaterini, 2016. "Asymmetry in the response of unemployment to output changes in Greece: Evidence from hidden co-integration," The Journal of Economic Asymmetries, Elsevier, vol. 13(C), pages 81-88.
  5. Guisinger, Amy Y. & Hernandez-Murillo, Ruben & Owyang, Michael T. & Sinclair, Tara M., 2018. "A state-level analysis of Okun's law," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 239-248.
  6. Ronald Bachmann & Peggy Bechara & Anica Kramer & Sylvi Rzepka, 2015. "Labour market dynamics and worker heterogeneity during the Great Recession – Evidence from Europe," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-29, December.
  7. Woo, Jaejoon, 2023. "Revisiting Okun's law in South Korea: Asymmetries, crises, and structural changes," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
  8. Michael Christl & Monika Köppl-Turyna & Dénes Kucsera, 2017. "Okun's Law in Austria," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 2, pages 97-110, June.
  9. Vassilis Monastiriotis & Corrado Macchiarelli & Nikolitsa Lampropoulou, 2019. "Transition Dynamics in European Labour Markets During Crisis and Recovery," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 61(2), pages 213-234, June.
  10. Mussida, Chiara & Zanin, Luca, 2023. "Asymmetry and (in-)stability of Okun’s coefficients in nine European countries," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
  11. Bande, Roberto & Martín-Román, Ángel, 2018. "Regional differences in the Okun’s Relationship: New Evidence for Spain (1980-2015)," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 41, pages 137-165.
  12. Kristof Bartosik & Jan Mycielski, 2020. "The output employment elasticity and the increased use of temporary contracts: Evidence from Poland," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 70(1), pages 83-104, March.
  13. Robert Dixon & G. C. Lim & Jan C. van Ours, 2017. "Revisiting the Okun relationship," Applied Economics, Taylor & Francis Journals, vol. 49(28), pages 2749-2765, June.
  14. Gina Cristina Dimian & Liviu Stelian Begu & Josef Jablonsky, 2017. "Unemployment and labour market mismatch in the European Union Countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 35(1), pages 13-44.
  15. Aguiar-Conraria, Luís & Martins, Manuel M.F. & Soares, Maria Joana, 2020. "Okun’s Law across time and frequencies," Journal of Economic Dynamics and Control, Elsevier, vol. 116(C).
  16. G. C. Lim & Robert Dixon & Jan C. Ours, 2021. "Beyond Okun’s law: output growth and labor market flows," Empirical Economics, Springer, vol. 60(3), pages 1387-1409, March.
  17. Ángel L. Martín‐Román & Jaime Cuéllar‐Martín & Alfonso Moral, 2023. "Natural and cyclical unemployment: A stochastic frontier decomposition and economic policy implications," Bulletin of Economic Research, Wiley Blackwell, vol. 75(1), pages 5-39, January.
  18. Cuéllar Martín, Jaime & Martín-Román, Ángel L. & Moral, Alfonso, 2017. "A composed error model decomposition and spatial analysis of local unemployment," MPRA Paper 79783, University Library of Munich, Germany.
  19. Maria Sylvina PORRAS‐ARENA & Ángel L. MARTÍN‐ROMÁN, 2023. "The correlation between unemployment and economic growth in Latin America – Okun's law estimates by country," International Labour Review, International Labour Organization, vol. 162(2), pages 171-198, June.
  20. Linus Holtermann & Christian Hundt, 2018. "Hierarchically structured determinants and phase related patterns of economic resilience. An empirical case study for European regions," Working Papers on Innovation and Space 2018-02, Philipps University Marburg, Department of Geography.
  21. Ardeljan Patricia, 2020. "Labor Market And Sustainable Development In The Context Of The ‘New Normal’ – Threats And Opportunities," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 238-246, October.
  22. Mary C. Daly & John G. Fernald & Òscar Jordà & Fernanda Nechio, 2014. "Labour Markets in the Global Financial Crisis: The Good, the Bad and the Ugly," National Institute Economic Review, National Institute of Economic and Social Research, vol. 228(1), pages 58-64, May.
  23. Elva Bova & Christina Kolerus & Sampawende Tapsoba, 2015. "A fiscal job? An analysis of fiscal policy and the labor market," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-17, December.
  24. Mr. Ralph Chami & Ernst Ekkehard & Connel Fullenkamp & Anne Oeking, 2018. "Are Remittances Good for Labor Markets in LICs, MICs and Fragile States?," IMF Working Papers 2018/102, International Monetary Fund.
  25. Mutascu, Mihai & Sokic, Alexandre, 2021. "Okun's law in the US: New insights in time and frequency," The Quarterly Review of Economics and Finance, Elsevier, vol. 82(C), pages 207-222.
  26. Valadkhani, Abbas & Smyth, Russell, 2015. "Switching and asymmetric behaviour of the Okun coefficient in the US: Evidence for the 1948–2015 period," Economic Modelling, Elsevier, vol. 50(C), pages 281-290.
  27. Zambrano-Monserrate, Manuel A., 2024. "Labor dynamics and unions: An empirical analysis through Okun's Law," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 613-628.
  28. van Ours, J.C., 2015. "The Great Recession was not so Great," Discussion Paper 2015-006, Tilburg University, Center for Economic Research.
  29. Thomas Obst, 2022. "Dynamic version of Okun’s law in the EU15 countries—The role of delays in the unemployment‐output nexus," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(2), pages 225-241, May.
  30. Adegbemi Babatunde Onakoya & Adedotun SEYINGBO Victor, 2020. "Economic Growth and Unemployment Nexus: Okun’s Two-Version Case for Nigeria, South Africa and United States of America," Journal of Economics and Behavioral Studies, AMH International, vol. 12(1), pages 55-65.
  31. Vogel, Jefim & Guerin, Gauthier & O'Neill, Daniel W. & Steinberger, Julia K., 2024. "Safeguarding livelihoods against reductions in economic output," Ecological Economics, Elsevier, vol. 215(C).
  32. Bas Weel, 2015. "Unemployment: The Great Recession and Beyond," De Economist, Springer, vol. 163(4), pages 405-413, December.
  33. Luis René Cáceres, 2021. "Youth Unemployment and Underdevelopment in Honduras," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(2), pages 1-61, February.
  34. Pham, Binh Thai & Sala, Hector, 2019. "Government Deficit Shocks and Okun's Coefficient Volatility: New Insights on the Austerity versus Growth Debate," IZA Discussion Papers 12492, Institute of Labor Economics (IZA).
  35. Nauro F. Campos & Corrado Macchiarelli & Fotios Mitropoulos, 2024. "Okun in the Euro: New Evidence from Structural Okun Law’s Estimates for the Euro Area, 1979-2019," CESifo Working Paper Series 11314, CESifo.
  36. van Ours, Jan C., 2015. "The Great Recession was not so Great," CEPR Discussion Papers 10376, C.E.P.R. Discussion Papers.
  37. Brey, Björn & Hertweck, Matthias S., 2020. "The Extension Of Short-Time Work Schemes During The Great Recession: A Story Of Success?," Macroeconomic Dynamics, Cambridge University Press, vol. 24(2), pages 360-402, March.
  38. Ryan Herzog, 2013. "Using state level employment thresholds to explain Okun’s Law," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-26, December.
  39. Porras-Arena, M. Sylvina & Martín-Román, Ángel L., 2019. "Self-employment and the Okun's law," Economic Modelling, Elsevier, vol. 77(C), pages 253-265.
  40. van Ours, Jan C., 2015. "The Great Recession was not so great," Labour Economics, Elsevier, vol. 34(C), pages 1-12.
  41. Ayman Mnasri & Zouhair Mrabet & Mouyad Alsamara, 2023. "A new quadratic asymmetric error correction model: does size matter?," Empirical Economics, Springer, vol. 65(1), pages 33-64, July.
  42. T. V. Blinova & V. A. Rusanovskii & V. A. Markov, 2021. "Estimating the Impact of Economic Fluctuations on Unemployment in Russian Regions Based on the Okun Model," Studies on Russian Economic Development, Springer, vol. 32(1), pages 103-110, January.
  43. Sher VERICK & Dorothea SCHMIDT‐KLAU & Sangheon LEE, 2022. "Is this time really different? How the impact of the COVID‐19 crisis on labour markets contrasts with that of the global financial crisis of 2008–09," International Labour Review, International Labour Organization, vol. 161(1), pages 125-148, March.
  44. Mark Elder & Magnus Bengtsson & Lewis Akenji, 2016. "An Optimistic Analysis of the Means of Implementation for Sustainable Development Goals: Thinking about Goals as Means," Sustainability, MDPI, vol. 8(9), pages 1-24, September.
  45. Hogrefe, Jan & Sachs, Andreas, 2014. "Unemployment and labor reallocation in Europe," ZEW Discussion Papers 14-083, ZEW - Leibniz Centre for European Economic Research.
  46. Enrique Samanamud Valderrama, 2021. "Una revisión para el Perú de la relación entre el desempleo, el subempleo y la producción," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 13(2), pages 473-511, August.
  47. Cheuk Yin Ho, 2014. "Can the baseline search and matching model quantitatively explain Okun's law?," Applied Economics, Taylor & Francis Journals, vol. 46(31), pages 3828-3835, November.
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