Okun's Law in the French Regions: A Cross-Regional Comparison

Marie-Estelle Binet () and François Facchini ()
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Marie-Estelle Binet: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique
François Facchini: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: This article tackles one central issue in the regional science literature: the persistence of regional disparities in unemployment within national economies. Our approach is original as Okun's coefficients are estimated for each of the 22 administrative French regions over the period 1990-2008, taking into account cross-regional disparities in a panel data specification. Estimates show that the coefficients exhibit regional differences. Indeed, Okun's law is confirmed in fourteen regions, although it does not hold in the other eight regions. Finally, region-specific factors that explain the results that are not significant are identified, and policies to reduce unemployment in French regions are examined.

Keywords: Okun's law; panel data; French regions; spatial heterogeneity (search for similar items in EconPapers)
Date: 2013-02-21
New Economics Papers: this item is included in nep-geo and nep-ure
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00812549v2
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Published in Economics Bulletin, 2013, 33 (1), pp.420-433

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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00812549

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