摘要翻译:
使用最新的实际人均GDP和失业率数据,对最大发达国家的奥肯定律进行了重新估计。我们的结果表明,失业率的变化是可以预测的,具有较高的准确性。这种联系需要引入一种结构性的断裂,这种断裂可能是由货币政策或/和计量单位的变化造成的。在统计上,研究变量之间的联系表现为在0.40(澳大利亚)和0.84(美国)之间的决定系数。残差可以与测量误差相关联。所得结果表明,在所研究的发达国家中不存在结构性失业。
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英文标题:
《Okun's law revisited. Is there structural unemployment in developed
countries?》
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作者:
Ivan O. Kitov
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最新提交年份:
2011
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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英文摘要:
Okun's law for the biggest developed countries is re-estimated using the most recent data on real GDP per capita and the rate of unemployment. Our results show that the change in unemployment rate can be predicted with a high accuracy. The link needs the introduction of a structural break which might be caused by the change in monetary policy or/and in measurement units. Statistically, the link between the studied variables is characterized by the coefficient of determination between 0.40 (Australia) and 0.84 (the USA). The residual errors can be associated with measurement errors. The obtained results suggest the absence of structural unemployment in the studied developed countries.
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PDF链接:
https://arxiv.org/pdf/1109.4383


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