IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

The Unemployment-Output Tradeoff in Transition Economies: Does Okun's Law Apply?

  • Izyumov, Alexei
  • Vahaly, John
Registered author(s):

    This paper investigates whether an Okun-type relationship between output and unemployment is taking hold in formerly planned economies as they move towards the market. Using a first-differences variant of Okun's Law, we test for its presence in 25 transition countries divided into groups of "reform leaders" and "reform laggards." For leaders, represented by the 10 European Union (EU) accession countries, Okun's Law is detected in both 1991-94 and 1995-2000 periods. For laggards, represented by the remaining group, it is present only for the later period and only when countries affected by wars are removed from the sample. A comparison of unemployment-output elasticities and unemployment levels in EU candidates and EU members themselves indicates that their labor markets might be converging. Copyright 2002 by Kluwer Academic Publishers

    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.

    File URL: http://journals.kluweronline.com/issn/0013-0451/contents
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    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.

    Article provided by Springer in its journal Economics of Planning.

    Volume (Year): 35 (2002)
    Issue (Month): 4 ()
    Pages: 317-31

    as
    in new window

    Handle: RePEc:kap:ecopln:v:35:y:2002:i:4:p:317-31
    Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=113294

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:kap:ecopln:v:35:y:2002:i:4:p:317-31. 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: (Guenther Eichhorn)

    or (Christopher F. Baum)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.