Show simple item record

dc.contributor.authorBlázquez Fernández, Carla 
dc.contributor.authorCantarero Prieto, David 
dc.contributor.authorPascual Sáez, Marta 
dc.contributor.otherUniversidad de Cantabriaes_ES
dc.description.abstractABSTRACT. In this paper the robustness of the Okun's relationship is tested using data from a group of selected European countries during the period 2005-2017, considering different age cohorts and gender. Four macroareas based on geographic location are also considered: Continental Europe, Nordic countries, Southern Europe, and Anglo-Saxon countries. Two traditional models are applied, the first difference and the "gap" one. The relevant data for the latter model is constructed from the HodrickPrescott filter. The empirical results indicate that an inverse relationship between unemployment and output holds for the whole sample and subsamples. Besides, it can be highlighted that these countries show smaller output loss associated with higher unemployment. Additionally, our findings suggest that the oldest population tends to be less exposed to the business cycles. Meanwhile, slight differences along countries and macro-areas are found. Therefore, as disparities in productivity growth are showed, different policies are required for each area. Actually, policymakers should design various ways to increase employment opportunities for diverse groups in society (specific coordinated policies for each necessity): those on specific age cohorts, those working in particular economic activities or those living in specific countries or macro-regions.es_ES
dc.format.extent12 p.es_ES
dc.publisherCentre of Sociological Researches_ES
dc.rights© Centre of Sociological Research - Atribución 3.0 Españaes_ES
dc.sourceEconomics & Sociology, Vol. 11, No. 2, 2018es_ES
dc.subject.otherOkun’s Lawes_ES
dc.subject.otherEconomic growthes_ES
dc.subject.otherEuropean countrieses_ES
dc.titleOkun's Law in Selected European Countries (2005-2017): An Age and Gender Analysises_ES

Files in this item


This item appears in the following Collection(s)

Show simple item record

©  Centre of Sociological Research - Atribución 3.0 EspañaExcept where otherwise noted, this item's license is described as © Centre of Sociological Research - Atribución 3.0 España