The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.
This paper examines the empirical relationship between unemployment and real output in the Philippines utilizing quarterly data from the Labor Force Survey by the Philippine Statistics Authority for the period from 1990-2014. The study employed three variants of Okun’s Law – the “gap” approach, the...
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| Format: | Article |
| Language: | English |
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Universiti Teknologi MARA Selangor
2017
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| Online Access: | https://ir.uitm.edu.my/id/eprint/32218/1/AJ_MARLON%20A%20MOJICA%20JEEIR%20B%2017.pdf |
| _version_ | 1796903399115980800 |
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| author | Mojica, Marlon A. Tatlonghari, Virgilio M. |
| author_facet | Mojica, Marlon A. Tatlonghari, Virgilio M. |
| author_sort | Mojica, Marlon A. |
| collection | UITM |
| description | This paper examines the empirical relationship between unemployment and real output in the Philippines utilizing quarterly data from the Labor Force Survey by the Philippine Statistics Authority for the period from 1990-2014. The study employed three variants of Okun’s Law – the “gap” approach, the “first difference” approach, and a dynamic approach. Findings show that the Okun’s coefficients based on the gap approach are consistent with the theoretical expectation of a negative relationship. In the ARDL model, labor force participation rate and trade openness were found to be significantly related to unemployment. The result of dummy variable test revealed the presence of structural break following the re-definition of unemployment in the Philippines in 2005. Recursive least squares and rolling regressions show evidence of parameter instability in several sub-periods. |
| first_indexed | 2024-03-06T02:19:31Z |
| format | Article |
| id | oai:ir.uitm.edu.my:32218 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T02:19:31Z |
| publishDate | 2017 |
| publisher | Universiti Teknologi MARA Selangor |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:322182020-07-14T04:42:16Z https://ir.uitm.edu.my/id/eprint/32218/ The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. jeeir Mojica, Marlon A. Tatlonghari, Virgilio M. Labor. Work. Working class Labor market. Labor supply. Labor demand, Including unemployment, manpower policy, occupational training, employment agencies Unemployment This paper examines the empirical relationship between unemployment and real output in the Philippines utilizing quarterly data from the Labor Force Survey by the Philippine Statistics Authority for the period from 1990-2014. The study employed three variants of Okun’s Law – the “gap” approach, the “first difference” approach, and a dynamic approach. Findings show that the Okun’s coefficients based on the gap approach are consistent with the theoretical expectation of a negative relationship. In the ARDL model, labor force participation rate and trade openness were found to be significantly related to unemployment. The result of dummy variable test revealed the presence of structural break following the re-definition of unemployment in the Philippines in 2005. Recursive least squares and rolling regressions show evidence of parameter instability in several sub-periods. Universiti Teknologi MARA Selangor 2017-01 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/32218/1/AJ_MARLON%20A%20MOJICA%20JEEIR%20B%2017.pdf The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. (2017) Journal of Emerging Economies & Islamic Research <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_=26_Islamic_Research/>, 5 (1). pp. 1-20. ISSN 2289-2559 http://www.jeeir.com/v2/index.php/33-current/2017/vol-5-no-1-2017/148-phillipines-economy-okun-law |
| spellingShingle | Labor. Work. Working class Labor market. Labor supply. Labor demand, Including unemployment, manpower policy, occupational training, employment agencies Unemployment Mojica, Marlon A. Tatlonghari, Virgilio M. The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. |
| title | The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. |
| title_full | The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. |
| title_fullStr | The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. |
| title_full_unstemmed | The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. |
| title_short | The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. |
| title_sort | relationship between output growth and unemployment in the philippines economy 1990 2014 an empirical analysis of variants of okun s law marlon a mojica and virgilio m tatlonghari |
| topic | Labor. Work. Working class Labor market. Labor supply. Labor demand, Including unemployment, manpower policy, occupational training, employment agencies Unemployment |
| url | https://ir.uitm.edu.my/id/eprint/32218/1/AJ_MARLON%20A%20MOJICA%20JEEIR%20B%2017.pdf |
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