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    • Dpto. Fundamentos del Análisis Económico e Historia e Instituciones Económicas
    • DEP34 - Artículos de revista
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    Por favor, use este identificador para citar o enlazar este ítem:http://uvadoc.uva.es/handle/10324/33308

    Título
    Regional differences in the Okun’s Relationship: New Evidence for Spain (1980-2015)
    Autor
    Bande Ramudo, Roberto
    Martín Román, Ángel LuisAutoridad UVA Orcid
    Año del Documento
    2018
    Editorial
    Asociación Española de Ciencia Regional
    Descripción
    Producción Científica
    Documento Fuente
    Bande, Roberto & Martín-Román, Ángel, 2018. "Regional differences in the Okun’s Relationship: New Evidence for Spain (1980-2015)," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 41, pages 137-165.
    Abstract
    This article provides new empirical evidence on the relationship between the unemployment rate and the output growth in Spain at the regional level. The «gap version» with the output growth on the left-hand side of the equation is our benchmark model. Our empirical results show that all coefficients are significant and show the expected negative sign. Significant regional differences in the Okun’s relationship, both for the short run and the long run, are found. These results are robust to two different specifications for the gaps: the HP filter and the QT procedure. In the final part of the article, it is also found that the OLS and the GMM estimates for panel data exhibit a similar pattern and that there is a clear asymmetry in the Okun’s relationship in booming and recession phases of the Spanish business cycle.
    Revisión por pares
    SI
    Patrocinador
    Spanish Goverment projects ECO2014-52343-P and ECO 2017-82227-P
    Version del Editor
    https://investigacionesregionales.org/en/article/regional-differences-in-the-okuns-relationship-new-evidence-for-spain-1980-2015/
    Idioma
    eng
    URI
    http://uvadoc.uva.es/handle/10324/33308
    Derechos
    openAccess
    Collections
    • DEP34 - Artículos de revista [49]
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    Universidad de Valladolid

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