教師資料查詢 | 類別: 期刊論文 | 教師: 黃河泉HO-CHUAN HUANG (瀏覽個人網頁)

標題:Endogeneity of Okun’s law
學年108
學期1
出版(發表)日期2019/08/07
作品名稱Endogeneity of Okun’s law
作品名稱(其他語言)
著者Huang, G.; Huang, H. C.; Liu, X. J.; Zhang, J.
單位
出版者
著錄名稱、卷期、頁數Applied Economics Letters 27(11), p.910-914
摘要This article contributes to the literature of Okun’s law by addressing an under-noticed but important problem, i.e. endogeneity. By using annual variation in the international oil price weighted with countries’ average oil net-export GDP ratios as a plausibly exogenous instrumental variable for economic growth, the two-stage least squares estimates indicate that faster real GDP growth is associated with lower overall, male and female unemployment rates, confirming the validity of Okun’s law. According to our benchmark estimate, 1 percentage point increase in economic growth leads to a 0.252 percentage point decrease in civil unemployment rate.
關鍵字Okun’s law;GDP growth;unemployment rate;oil price shocks
語言英文(美國)
ISSN1466-4291
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別英國
公開徵稿
出版型式,電子版
相關連結
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