Investigating Okun's Law by the Structural Break with Threshold Approach: Evidence from Canada
學年 94
學期 1
出版（發表）日期 2005-09-01
作品名稱 Investigating Okun's Law by the Structural Break with Threshold Approach: Evidence from Canada
作品名稱（其他語言）
著者 黃河泉; Chang, Y. K.
單位 淡江大學財務金融學系
出版者
著錄名稱、卷期、頁數 Manchester School 73(5), pp.599-611
摘要 This study proposes a structural change with threshold approach to re-evaluate the empirical validity of Okun's law using data from Canada. Based on the Hodrick–Prescott and band-pass filtered data, we find strong support of structural change as well as threshold nonlinearity. This suggests that the use of purely linear specifications for analyzing Okun's law may lead to misleading results. The implications of the empirical results for macroeconomic policy are also briefly discussed.
關鍵字
語言 en
ISSN 1463-6786 1467-9957
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度 否
國別 GBR
公開徵稿
出版型式 ,電子版,紙本
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