Estimation of Okun Coefficient for Algeria

Abdellah Kori Yahia

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this paper is to investigate the presence of Okun’s (1962) relationship for Algeria for the 1970- 2015 period. Two methodologies are employed to estimate the Okun coefficient: An Autoregressive Distributed Lag (ARDL) linear model and a Bayesian Normal Linear Regression model. The results indicate an Okun coefficient of about -0.2 which suggests some rigidity of the labour market in Algeria.

Keywords: Dynamic Linear Models, Bayesian Techniques, Unemployment, Okun Coefficient, Simulation Techniques (search for similar items in EconPapers)
JEL-codes: C51 (search for similar items in EconPapers)
Date: 2018-01-07
New Economics Papers: this item is included in nep-ara
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:83707

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