Asymmetry in the Unemployment Output Relationship Over the Business Cycle Evidence from Transition Economies
Yazarlar (3)
Emrah Ismail Cevik Zonguldak Bulent Ecevit University, Türkiye
Sel Dibooglu
University Of Missouri-St. Louis, Amerika Birleşik Devletleri
University Of Missouri-St. Louis, Amerika Birleşik Devletleri
Prof. Dr. Salih BARIŞIK Tokat Gaziosmanpaşa Üniversitesi, Türkiye
| Makale Türü | Özgün Makale (Uluslararası alan indekslerindeki dergilerde yayınlanan tam makale) | ||
| Dergi Adı | Comparative Economic Studies | ||
| Dergi ISSN | 0888-7233 Wos Dergi Scopus Dergi | ||
| Dergi Tarandığı Indeksler | RePec | ||
| Makale Dili | İngilizce | Basım Tarihi | 12-2013 |
| Cilt / Sayı / Sayfa | 55 / 4 / 557–581 | DOI | 10.1057/ces.2013.7 |
| Özet |
| This study examines the presence of asymmetry in Okun's law for nine transition economies by means of a Markov regime-switching model. We examine the relationship between unemployment and real GDP to ascertain whether such changes are substantially different in downswing versus upswing regimes. The nonlinear model outperforms the linear model in all transition economies in the sample except for Slovenia. There is evidence that the Okun coefficients vary across regimes and countries. In most countries, cyclical unemployment is more sensitive to cyclical output in downswing regimzes than upswing regimes. We also find recoveries entail poor job growth in most transition economies. |
| Anahtar Kelimeler |
| Asymmetric adjustment | Business cycles | Markov regime switching | Okun's law | Transition economies |
Science Direct
Asymmetry in the Unemployment Output Relationship Over the Business Cycle Evidence from Transition Economies
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| Google Scholar | 59 |
| Scopus | 3 |
| Web of Science | 18 |