The robustness of Okun's law in Spain, 1980-2004: Regional evidence
The purpose of this paper is to analyse Okun's law for the Spanish regions over the period 1980-2004. Based on its "gap" specification, the results show that an inverse relationship between unemployment and output holds for most of the regions and for the whole country. However, the quantitative values of Okun's coefficients are quite different, a result that is partially explained by regional disparities in productivity growth. These differences imply that, when it comes to policy issues, conventional aggregate demand/supply management policies should be combined with region-specific policies.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Oscar Bajo-Rubio & Mª Carmen Díaz Roldán & Vicente Esteve, 2004.
"Change of regime and Phillips curve stability:The case of Spain, 1964-2002,"
Economic Working Papers at Centro de Estudios Andaluces
E2004/52, Centro de Estudios Andaluces.
- Bajo-Rubio, Oscar & Diaz-Roldan, Carmen & Esteve, Vicente, 2007. "Change of regime and Phillips curve stability: The case of Spain, 1964-2002," Journal of Policy Modeling, Elsevier, vol. 29(3), pages 453-462.
- Dimitris Christopoulos, 2004.
"The relationship between output and unemployment: Evidence from Greek regions,"
Economics of Governance,
Springer, vol. 83(3), pages 611-620, 07.
- Dimitris Christopoulos, 2004. "The relationship between output and unemployment: Evidence from Greek regions," Papers in Regional Science, Springer;Regional Science Association International, vol. 83(3), pages 611-620, 07.
- Prachowny, Martin F J, 1993. "Okun's Law: Theoretical Foundations and Revised Estimates," The Review of Economics and Statistics, MIT Press, vol. 75(2), pages 331-36, May.
- Moosa, Imad A., 1997. "A Cross-Country Comparison of Okun's Coefficient," Journal of Comparative Economics, Elsevier, vol. 24(3), pages 335-356, June.
- Donald Freeman, 2000. "Regional tests of Okun's law," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(3), pages 557-570, August.
- Mauro, Luciano, 2004. "The macroeconomics of Italy: a regional perspective," Journal of Policy Modeling, Elsevier, vol. 26(8-9), pages 927-944, December.
- Maza, Adolfo & Villaverde, Jose, 2007. "A state-space approach to the analysis of economic shocks in Spain," Journal of Policy Modeling, Elsevier, vol. 29(1), pages 55-63.
- repec:kap:iaecre:v:6:y:2000:i:3:p:557-570 is not listed on IDEAS
- Robert J. Gordon, 1984. "Unemployment and Potential Output in the 1980s," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 15(2), pages 537-568.
- Brian Silverstone & Richard Harris, 2001. "Testing for asymmetry in Okun's law: A cross-country comparison," Economics Bulletin, AccessEcon, vol. 5(2), pages 1-13.
- Kwami Adanu, 2005. "A cross-province comparison of Okun's coefficient for Canada," Applied Economics, Taylor & Francis Journals, vol. 37(5), pages 561-570.
- Dreger, Christian & Marcellino, Massimiliano, 2007.
"A macroeconometric model for the Euro economy,"
Journal of Policy Modeling,
Elsevier, vol. 29(1), pages 1-13.
When requesting a correction, please mention this item's handle: RePEc:eee:jpolmo:v:31:y:2009:i:2:p:289-297. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamier, Wendy)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.