Economic Growth, Business Cycles and Okun’s Law: Unobserved Components Approach
Clark’s (1989) bivariate unobserved components model is applied in order to estimate and analyse the trend and cycle of GDP and the unemployment rate as well as to quantify and discuss the relationship known as Okun’s law. Empirical analysis is performed for 28 European countries for a time period i...
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| Format: | Article |
| Language: | English |
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Czech Statistical Office
2020-03-01
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| Series: | Statistika: Statistics and Economy Journal |
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| Online Access: | https://www.czso.cz/documents/10180/125507867/32019720q1_05_cizku.pdf/a5c576cf-1509-495d-b660-261c256bd188?version=1.0 |