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 en_US
ISSN 1466-4291
期刊性質 國外
收錄於 SSCI
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
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/120142 )