Okun’s Law in OECD Countries in 1990 – 2013

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Dariusz J. Błaszczuk


Abstrakt
Politicians try to reach targets that usually contradict. It leads to lack of optimal long-term equilibrium. The main target should be the maximal growth rate of GDP and other targets should remain within predetermined limits. Politicians should influence relations between every two targets. Empirical study of relations between unemployment and GDP growth rates is done for every OECD country basing on quarterly data for 20 years. According to the results of the investigation countries are put into “strategic groups”. Paper ends with preliminary proposals for economic policy makers.

Article Details

Jak cytować
Błaszczuk, D. J. (2014). Okun’s Law in OECD Countries in 1990 – 2013. Metody Ilościowe W Badaniach Ekonomicznych, 15(2), 47–63. Pobrano z https://qme.sggw.edu.pl/article/view/3669
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