Does Okun's law suffer from COVID-19?
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Published:2023-07-13
Issue:2
Volume:12
Page:165-171
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ISSN:2254-4380
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Container-title:Economics and Business Letters
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language:
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Short-container-title:Econ Bus Lett
Author:
Russnak Jan,Stadtmann Georg,Zimmermann Lilli
Abstract
We analyse the effect of COVID-19 on the Okun's law relationship for several EU countries and the US. Results are based on regressions and a systematic DF-Beta analysis. Our results indicate that the year 2020 is an outlier in the Okun relationship. However, the direction of change is different in the European countries compared to the US.
Publisher
Universidad de Oviedo
Subject
General Economics, Econometrics and Finance,Business and International Management
Cited by
1 articles.
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