scholarly journals Empirical Analysis of the Phillips Curve and Okun’s Law Through Simultaneous Equation Modeling: A Case Study of Pakistan

Ekonomista ◽  
2021 ◽  
Vol 1 (3) ◽  
Author(s):  
MUHAMMAD UMER ◽  
MUKHTAR DANLADI GALADIMA ◽  
BABAR NAWAZ ABBASI
Keyword(s):  
Empirical Analysis ◽  
Phillips Curve ◽  
Simultaneous Equation ◽  
Equation Modeling ◽  
Okun’S Law ◽  
Okun's Law

Alleged instability of the Okun's law relationship in Australia: an empirical analysis

1991 ◽  
Vol 23 (12) ◽  
pp. 1829-1838 ◽  
Author(s):  
Martin Watts ◽  
William Mitchell
Keyword(s):  
Empirical Analysis ◽  
Okun’S Law ◽  
Okun's Law

scholarly journals ANALISIS KURVA PHILLIPS DAN HUKUM OKUN DI INDONESIA TAHUN 1986-2016

1970 ◽  
Vol 15 (1) ◽  
Author(s):  
Prihartini Budi Astuti
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Correlation Coefficient ◽  
Phillips Curve ◽  
Negative Relationship ◽  
Economic Conditions ◽  
Okun’S Law ◽  
Legal Compliance ◽  
Okun's Law ◽  
Curve Theory

This study aims to determine the fit between Phillips Curve theory and Okun's law with the economic conditions that occurred in Indonesia in 1986-2016. This research is a descriptive quantitative research. Data used in the study is rate of economic growth, the unemployment rate and the inflation rate in Indonesia in 1986-2016. The data was taken from the website of Bank Indonesia and Badan Pusat Statistik. Quantitative analysis method used is correlation analysis. The analysis showed that there was no agreement between Phillips Curve theory and Okun's law with the economic conditions that occurred in Indonesia in 1986-2016. Phillip curves for compliance with the conditions of the Indonesian economy in 1986-2016, from data analysis obtained correlation coefficient of -0.16 with significance value of 0.931. From these figures, it can be concluded that there is a negative relationship but not significant between inflation and unemployment in Indonesia in 1986 - 2016. For Okun legal compliance with the conditions of the Indonesian economy in 1986 to 2016, from data analysis obtained correlation coefficient of - 0.110 with a significance value of 0,556. From these figures, it can be concluded that there is a negative relationship but not significant between economic growth and unemployment in Indonesia in 1986-2016

Is there a Core of Macroeconomics that Euro Area Forecasters Believe In?

2012 ◽  
Vol 13 (1) ◽  
pp. 103-115 ◽  
Author(s):  
Christian Pierdzioch ◽  
Georg Stadtmann ◽  
Jan-Christoph Rülke
Keyword(s):  
Growth Rate ◽  
Unemployment Rate ◽  
Euro Area ◽  
Inflation Rate ◽  
Phillips Curve ◽  
Practical Relevance ◽  
Okun’S Law ◽  
Macroeconomic Theory ◽  
Quantity Theory ◽  
Okun's Law

Abstract The quantity theory of money, Okun’s law, and the Phillips curve are cornerstones of macroeconomic theory. But are they also of practical relevance? Using survey data for the euro area, we found that professional economists’ forecasts are consistent with a version of the quantity theory in which forecasts of the growth rate of money supply correlate in a proportional way with forecasts of the inflation rate. We also found that forecasts of changes in the unemployment rate and forecasts of the growth rate of real output are consistent with Okun’s law. Evidence of a systematic link between forecasts of the inflation rate and forecasts of the unemployment rate, however, is not strong.

scholarly journals Disaggregating Okun’s Law: A Case-Study for Macedonia

2019 ◽  
Vol 8 (1) ◽  
pp. 183-207
Author(s):  
Danica Unevska Andonova ◽  
Magdalena Petrovska
Keyword(s):  
Global Financial Crisis ◽  
Debt Crisis ◽  
Domestic Demand ◽  
Structural Reforms ◽  
Okun’S Law ◽  
Okun's Law ◽  
The Global Financial Crisis ◽  
The Relationship ◽  
Intensive Growth

Abstract Okun’s law is one of the most widely-known stylized facts in the macroeconomic literature and policy. In this paper we study several aspects of Okun’s law in Macedonia between 2004 and 2016. Aggregate indicators show a link between output and unemployment that is in line with other emerging markets and regional peers. We also find that the relationship has been somewhat weaker in recent years, which might be related to the recent job-intensive growth in the wake of structural reforms after the global financial crisis and particularly the subsequent European debt crisis. When investigating whether various expenditure components of GDP may cause different unemployment reactions, an important issue that has not been sufficiently addressed in the literature, we find that domestic demand has a stronger effect. We also provide several robustness checks to our main findings, and illustrate how they might be used to improve forecasting.

scholarly journals Okun’s law in an emerging country: An empirical analysis in Indonesia

2019 ◽  
Vol 5 (4) ◽  
pp. 141-161
Author(s):  
Cheng-Wen Lee ◽  
Andrian Dolfriandra Huruta
Keyword(s):  
Empirical Analysis ◽  
Okun’S Law ◽  
Okun's Law ◽  
Emerging Country

ICT SMEs, Performance, Absorptive Capacity and Transformative Capacity

2019 ◽  
Vol 118 (3) ◽  
pp. 178-188
Author(s):  
Yeon-Sung Cho ◽  
Kyung-Il Khoe
Keyword(s):  
Firm Performance ◽  
Market Orientation ◽  
Empirical Analysis ◽  
Absorptive Capacity ◽  
Latent Variables ◽  
Equation Modeling ◽  
Transformative Capacity ◽  
The Impact ◽  
The Empirical Analysis ◽  
Innovative Capacity

This study intends to integrate the relationship of market orientation, innovative capacity and firm performance to Information and Communication Technology(ICT) SMEs. The purpose of this study is to identify the role of absorptive capacity and transformative capacity that affect the performance of ICT SMEs. Hypotheses were established between five latent variables. A total of six hypotheses were established including the moderated effects of absorptive capacity and transformative capacity. Of the data collected after the survey, 112 valid surveys were selected as the final sample, except for 17 questionnaires with high non - response and insincere response. The empirical analysis of this study used smartpls3.0, Partial Least Squares (PLS), a variance-based structural equation modeling. The empirical analysis of this study revealed that the impact of market orientation on innovative capacity was significant. Moreover, the innovative capacity had a positive effect on the performance of ICT SMEs. In addition, the absorptive activity had a positive moderated effect between the market orientation and the innovative capacity. On the other hand, the transformative capacity showed a positive moderated effect in relation to innovative capacity and firm performance. Our empirical results have demonstrated the importance of knowledge based capacity in the ICT SMEs.

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