Legea lui Okun pentru România în perioada 1992-2004
[Okun's Law for Romania during 1992-2004]
In this article the author examines, based on the inflation rate and unemployment rate registered in Romania during 1993-2004, how to show Okun's Law. Results consist of two distinct models explaining the dependency between the GDP’s growth rate of and the unemployment rate’s growth and vice versa. This shows that in the case of Romania we can not be talking about reciprocal and unique two-way relationship approach using the same model, the direct and mutual dependencies between growth of unemployment rate and the growth rate of GDP’s as shown in the original formulation of Okun's Law.
|Date of creation:||24 Oct 2007|
|Date of revision:|
|Publication status:||Published in Politici, modele si scenarii de crestere economica in vederea aderarii Romaniei la Uniunea Europeana ISBN 978-973-594-978-5 (2007): pp. 214-221|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- David E. Altig & Terry J. Fitzgerald & Peter Rupert, 1997. "Okun's law revisited: should we worry about low unemployment?," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
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