IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-01183238.html

Regional growth and unemployment in the medium run: asymmetric cointegrated Okun’s Law for UK regions

Author

Listed:
  • Silvia Palombi

    (University of Strathclyde [Glasgow])

  • Roger Perman

    (University of Strathclyde [Glasgow])

  • Christophe Tavéra

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper tests for the presence of a long run asymmetric Okun's Law relationship between regional output and regional unemployment rate in U.K. regions. The existence of cointegration is tested with a panel data version of the hidden cointegration technique suggested by Granger and Yoon. A novelty of the paper is to combine the method of hidden cointegration with a panel data method of removing crosssectional dependence. The long run Okun relationship for regions in the U.K. appears to confirm results found elsewhere in the literature on countries as a whole, although the coefficients tend to be smaller.

Suggested Citation

  • Silvia Palombi & Roger Perman & Christophe Tavéra, 2015. "Regional growth and unemployment in the medium run: asymmetric cointegrated Okun’s Law for UK regions," Post-Print halshs-01183238, HAL.
    • Handle: RePEc:hal:journl:halshs-01183238
    DOI: 10.1080/00036846.2015.1068922
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Koutroulis, Aristotelis & Panagopoulos, Yannis & Tsouma, Ekaterini, 2016. "Asymmetry in the response of unemployment to output changes in Greece: Evidence from hidden co-integration," The Journal of Economic Asymmetries, Elsevier, vol. 13(C), pages 81-88.
    2. Donald Houston, 2020. "Local resistance to rising unemployment in the context of the COVID‐19 mitigation policies across Great Britain," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(6), pages 1189-1209, December.
    3. Fatai, Adesola & Adekunle, Wasiu, 2025. "Analyzing Nigeria’s unemployment problem: evidence from the quantile regression approach," MPRA Paper 126775, University Library of Munich, Germany.
    4. Abdulkadir Muktar Nur & Jimoh Olajide Raji, 2025. "The Impact of Foreign Direct Investment on Unemployment in Mena Region," Journal of Economics and Behavioral Studies, AMH International, vol. 17(1), pages 9-20.
    5. Porras-Arena, M. Sylvina & Martín-Román, Ángel L., 2023. "The heterogeneity of Okun's law: A metaregression analysis," Economic Modelling, Elsevier, vol. 128(C).
    6. Roberto Bande & Ángel Martín-Román, 2018. "Regional differences in the Okun’s Relationship: New Evidence for Spain (1980-2015)," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 41, pages 137-165.
    7. Simionescu Mihaela & Strielkowski Wadim, 2025. "The Impact of Brexit on Unemployment In The United Kingdom Using Synthetic Control Method," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 35(2), pages 38-64.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-01183238. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.