The Dependence between Unemployment and GDP in Bulgaria: Application of Direct and Reverse Regression

Hristo Mavrov ()

Economic Thought journal, 2007, issue 6, 45-65

Abstract: Examined is the dependence between rates of growth and change in the level of unemployment, known as Okun’s law. A position is held that because of the bilateral character of the dependence two regressions can be applied – direct and reverse. A stand is taken that there exists a bilateral dependence between unemployment and gross domestic product and the choice on a model of assessment (direct or reverse regression) is determined by the goals of the researcher.

JEL-codes: E12 E23 E24 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2007:i:6:p:45-65

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