The heterogeneity of Okun's law: A metaregression analysis

Producción Científica

Detalhes bibliográficos
Autores: Porras Arena, M. Sylvina, Martín Román, Ángel Luis
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2023
País:España
Recursos:Universidad de Valladolid
Repositorio:UVaDOC. Repositorio Documental de la Universidad de Valladolid
OAI Identifier:oai:uvadoc.uva.es:10324/61404
Acesso em linha:https://doi.org/10.1016/j.econmod.2023.106490
https://uvadoc.uva.es/handle/10324/61404
Access Level:acceso abierto
Palavra-chave:Economía
Desempleo
Okun's law
Heterogeneity
Metaregression
Ley de Okun
Heterogeneidad
Metarregresión
53 Ciencias Económicas
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spelling The heterogeneity of Okun's law: A metaregression analysisPorras Arena, M. SylvinaMartín Román, Ángel LuisEconomíaDesempleoOkun's lawHeterogeneityMetaregressionLey de OkunHeterogeneidadMetarregresión53 Ciencias EconómicasProducción CientíficaOkun'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 implying unemployment's effects on output and the other suggesting output's effects on unemployment. Consequently, comparing results from these approaches is not straightforward. Even within each approach, variability persists. Through meta-analysis and correction for publication bias, we identified the primary factor contributing to heterogeneity in both approaches: labor market characteristics (e.g., self-employment, labor laws, productive structure), leading to varying reactions of unemployment to cyclical output changes across different labor markets. The second most influential factor was methodological issues (data type, frequency, spatial coverage, sample period, etc.), highlighting how researchers' decisions impact results. Lastly, the underlying theoretical model also accounted for some variability. Okun proposed three models to estimate the relationship, which yielded comparable results for the US economy, but for other economies this was less evident.Ministerio de Ciencia e Innovación (PID2020-112509 GB-I00)Elsevier2023info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://doi.org/10.1016/j.econmod.2023.106490https://uvadoc.uva.es/handle/10324/61404reponame:UVaDOC. Repositorio Documental de la Universidad de Valladolidinstname:Universidad de ValladolidIngléshttps://www.sciencedirect.com/science/article/pii/S0264999323003024?via%3Dihubinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc/4.0/oai:uvadoc.uva.es:10324/614042026-06-13T12:44:47Z
dc.title.none.fl_str_mv The heterogeneity of Okun's law: A metaregression analysis
title The heterogeneity of Okun's law: A metaregression analysis
spellingShingle The heterogeneity of Okun's law: A metaregression analysis
Porras Arena, M. Sylvina
Economía
Desempleo
Okun's law
Heterogeneity
Metaregression
Ley de Okun
Heterogeneidad
Metarregresión
53 Ciencias Económicas
title_short The heterogeneity of Okun's law: A metaregression analysis
title_full The heterogeneity of Okun's law: A metaregression analysis
title_fullStr The heterogeneity of Okun's law: A metaregression analysis
title_full_unstemmed The heterogeneity of Okun's law: A metaregression analysis
title_sort The heterogeneity of Okun's law: A metaregression analysis
dc.creator.none.fl_str_mv Porras Arena, M. Sylvina
Martín Román, Ángel Luis
author Porras Arena, M. Sylvina
author_facet Porras Arena, M. Sylvina
Martín Román, Ángel Luis
author_role author
author2 Martín Román, Ángel Luis
author2_role author
dc.subject.none.fl_str_mv Economía
Desempleo
Okun's law
Heterogeneity
Metaregression
Ley de Okun
Heterogeneidad
Metarregresión
53 Ciencias Económicas
topic Economía
Desempleo
Okun's law
Heterogeneity
Metaregression
Ley de Okun
Heterogeneidad
Metarregresión
53 Ciencias Económicas
description Producción Científica
publishDate 2023
dc.date.none.fl_str_mv 2023
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://doi.org/10.1016/j.econmod.2023.106490
https://uvadoc.uva.es/handle/10324/61404
url https://doi.org/10.1016/j.econmod.2023.106490
https://uvadoc.uva.es/handle/10324/61404
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv https://www.sciencedirect.com/science/article/pii/S0264999323003024?via%3Dihub
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc/4.0/
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc/4.0/
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:UVaDOC. Repositorio Documental de la Universidad de Valladolid
instname:Universidad de Valladolid
instname_str Universidad de Valladolid
reponame_str UVaDOC. Repositorio Documental de la Universidad de Valladolid
collection UVaDOC. Repositorio Documental de la Universidad de Valladolid
repository.name.fl_str_mv
repository.mail.fl_str_mv
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