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How do technical change and technological distance influence the size of the Okun’s Law coefficient?

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  • Roger, Perman
  • Jean-Philippe, Boussemart
  • Walter, Briec
  • Christophe, Tavéra

Abstract

How does technical change influence the size of the Okun’s Law coefficient? Using a nonlinear version of Okun’s Law augmented with technical change and technological distance, we show that the impact of output movements on unemployment variations is influenced by the imitation or innovation origins of technical change

Suggested Citation

  • Roger, Perman & Jean-Philippe, Boussemart & Walter, Briec & Christophe, Tavéra, 2013. "How do technical change and technological distance influence the size of the Okun’s Law coefficient?," SIRE Discussion Papers 2013-60, Scottish Institute for Research in Economics (SIRE).
    • Handle: RePEc:edn:sirdps:487
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    File URL: http://hdl.handle.net/10943/487
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    References listed on IDEAS

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    Cited by:

    1. Stefan Marth, 2015. "How Strong is the Correlation Between Unemployment and Growth Really? The Persistence of Okun's Law and How to Weaken it. WWWforEurope Policy Paper No. 23," WIFO Studies, WIFO, number 58260, March.

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    Keywords

    Okun’s Law; Technological frontier; Technical change; Nonlinear model;
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