The Unemployment-Output Tradeoff in Transition Economies: Does Okun's Law Apply?

This paper investigates whether an Okun-type relationship between output and unemployment is taking hold in formerly planned economies as they move towards the market. Using a first-differences variant of Okun's Law, we test for its presence in 25 transition countries divided into groups of &qu...

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Veröffentlicht in:	Economic change and restructuring 2002, Vol.35 (4), p.317-31
Hauptverfasser:	Izyumov, Alexei, Vahaly, John
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic growth Economic policy Economics Market Okun's Law Social conditions Transition economies Unemployment Unemployment levels
Online-Zugang:	Volltext
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