The Dependence between Unemployment and GDP in Bulgaria: Application of Direct and Reverse Regression
Examined is the dependence between rates of growth and change in the level of unemployment, known as Okun’s law. A position is held that because of the bilateral character of the dependence two regressions can be applied – direct and reverse. A stand is taken that there exists a bilateral dependence between unemployment and gross domestic product and the choice on a model of assessment (direct or reverse regression) is determined by the goals of the researcher.
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Volume (Year): (2007)
Issue (Month): 6 ()
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- Hubert Gabrisch & Herbert Buscher, 2006. "The Relationship between Unemployment and Output in Post-communist Countries," Post-Communist Economies, Taylor & Francis Journals, vol. 18(3), pages 261-276.
- Gert Schnabel, 2002. "Output trends and Okun's law," BIS Working Papers 111, Bank for International Settlements.
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