Different asymmetries in Okun's law for 21 OECD countries over the period 1989–2019 are
studied in the paper. To this end, an extended Okun equation accommodating possibly …

This paper analyzes the empirical relationship between inflation and output growth using a
novel panel data estimation technique, Panel Smooth Transition Regression (PSTR) model …

This chapter deals with international policy issues relevant to world price volatility in basic
foodstuffs, particularly the extent to which multilateral trade rules are conducive to an …

In this paper, we re-examine the stochastic behaviour of per capita total primary energy
consumption across 178 countries around the world. For this purpose, in addition to …

This paper examines the importance of foreign direct investment on economic growth. Using
a panel data set for 27 transition economies over the period 1991–2004 as well as the …

This article examines the responsiveness of changes in the unemployment rate to changes
in output for Brazil, Russia, India, China, and South Africa (BRICS) using aggregate and …

This article contributes to the empirical literature of Okun's law in three respects. First, in
contrast to the limited data used in the existing studies, we employ two extensive (across …

This paper revisits, by means of both time series and panel data analyses, the empirical
regularity identified by Okun's (in: Proceedings of the business and economics statistics …

Full employment remains at the center of any economic policy. Following Okun's conclusion
regarding the trade-off relation between unemployment and real gross national product …

Okun's law, a significant parameter in empirical research and policy analysis, faces
considerable heterogeneity. This stems from its dual interpretation in the literature, with one …