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Okun’s Law: Evidence for the Brazilian Economy

Author

Listed:
  • Guilherme Alexandre Tombolo

    (Graduation Program in Economic Development - Federal University of Paraná, Curitiba, Brazil)

  • Marcos Minoru Hasegawa

    (Graduation Program in Economic Development - Federal University of Paraná, Curitiba, Brazil)

Abstract

In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α - βΔy, where “β” is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such values are similar to those of Italy (-0.21) and greater than the value of Japan (-0.12), but lower than those in countries like the UK (-0.58), USA (-0.52), France (- 0.43) and Germany (-0.38); the latter values were estimated by Sogner and Stiassny (2002).

Suggested Citation

  • Guilherme Alexandre Tombolo & Marcos Minoru Hasegawa, 2014. "Okun’s Law: Evidence for the Brazilian Economy," Economic Research Guardian, Mutascu Publishing, vol. 4(1), pages 2-12, June.
    • Handle: RePEc:wei:journl:v:4:y:2014:i:1:p:2-12
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    Cited by:

    1. Porras-Arena, M. Sylvina & Martín-Román, Ángel L., 2023. "The heterogeneity of Okun's law: A metaregression analysis," Economic Modelling, Elsevier, vol. 128(C).
    2. Brian Tavonga Mazorodze & Noureen Siddiq, 2018. "On the Unemployment Output Relation in South Africa: A Non-Linear ARDL Approach," Journal of Economics and Behavioral Studies, AMH International, vol. 10(5), pages 167-178.
    3. Ugur Korkut PATA & Suleyman YURTKURAN & Adem KALCA, 2018. "A revisited causality analysis of Okun’s Law: The case of Turkey," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(617), W), pages 121-134, Winter.

    More about this item

    Keywords

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    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications

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