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Legea lui Okun pentru România în perioada 1992-2004
[Okun's Law for Romania during 1992-2004]

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  • TURTUREAN, Ciprian Ionel

Abstract

In this article the author examines, based on the inflation rate and unemployment rate registered in Romania during 1993-2004, how to show Okun's Law. Results consist of two distinct models explaining the dependency between the GDP’s growth rate of and the unemployment rate’s growth and vice versa. This shows that in the case of Romania we can not be talking about reciprocal and unique two-way relationship approach using the same model, the direct and mutual dependencies between growth of unemployment rate and the growth rate of GDP’s as shown in the original formulation of Okun's Law.

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File URL: http://mpra.ub.uni-muenchen.de/10638/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 10638.

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Date of creation: 24 Oct 2007
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Handle: RePEc:pra:mprapa:10638

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Related research

Keywords: Okun's Law; GDP’s growth rate; unemployment rate’s growth; econometric modeling; reciprocal and exclusive reciprocal two-way relationship;

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  1. David Altig & Terry J. Fitzgerald & Peter Rupert, 1997. "Okun's law revisited: should we worry about low unemployment?," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
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