Okun's Law in the French Regions: A Cross-Regional Comparison
This article tackles one central issue in the regional science literature: the persistence of regional disparities in unemployment within national economies. Our approach is original as Okun's coefficients are estimated for each of the 22 administrative French regions over the period 1990-2008, taking into account cross-regional disparities in a panel data specification. Estimates show that the coefficients exhibit regional differences. Indeed, Okun's law is confirmed in fourteen regions, although it does not hold in the other eight regions. Finally, region-specific factors that explain the results that are not significant are identified, and policies to reduce unemployment in French regions are examined.
|Date of creation:||21 Feb 2013|
|Date of revision:|
|Publication status:||Published, Economics Bulletin, 2013, 33, 1, 420-433|
|Note:||View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00812549|
|Contact details of provider:|| Web page: http://hal.archives-ouvertes.fr/|
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.:
- Nicholas Apergis & Anthony Rezitis, 2003. "An examination of Okun's law: evidence from regional areas in Greece," Applied Economics, Taylor & Francis Journals, vol. 35(10), pages 1147-1151.
- Baltagi, Badi H. & Wu, Ping X., 1999. "Unequally Spaced Panel Data Regressions With Ar(1) Disturbances," Econometric Theory, Cambridge University Press, vol. 15(06), pages 814-823, December.
- Dimitris Christopoulos, 2004.
"The relationship between output and unemployment: Evidence from Greek regions,"
Papers in Regional Science,
Springer, vol. 83(3), pages 611-620, 07.
- Dimitris Christopoulos, 2004. "The relationship between output and unemployment: Evidence from Greek regions," Economics of Governance, Springer, vol. 83(3), pages 611-620, 07.
- Moosa, Imad A., 1997. "A Cross-Country Comparison of Okun's Coefficient," Journal of Comparative Economics, Elsevier, vol. 24(3), pages 335-356, June.
- 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.
- Giuseppe Croce & Emanuela Ghignoni, 2011.
"Overeducation and spatial flexibility in Italian local labour markets,"
145, University of Rome La Sapienza, Department of Public Economics.
- Croce, Giuseppe & Ghignoni, Emanuela, 2011. "Overeducation and spatial flexibility in Italian local labour markets," MPRA Paper 29670, University Library of Munich, Germany.
- Villaverde, José & Maza, Adolfo, 2009. "The robustness of Okun's law in Spain, 1980-2004: Regional evidence," Journal of Policy Modeling, Elsevier, vol. 31(2), pages 289-297.
- Adolfo Maza & José Villaverde, 2007. "Okun's law in the Spanish regions," Economics Bulletin, AccessEcon, vol. 18(5), pages 1-11.
When requesting a correction, please mention this item's handle: RePEc:hal:cesptp:halshs-00812549. 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: (CCSD)
If references are entirely missing, you can add them using this form.