The measurement and determination of Okun's Law: Evidence from state economies

Paul R. Blackley

Journal of Macroeconomics, 1991, vol. 13, issue 4, 641-656

Abstract: Okun's Law is estimated for 26 states in the United States. An average of 3.1 percentage points of additional state-level output growth is found to be required for each percentage point reduction in a state's unemployment rate. Interstate differences in industrial mix, the age and gender distributions of the labor force, the rate of labor force growth over the sample period, and tax policy decisions are significantly related to spatial variation in Okun's Law. The results lend support to and extend previous explanations of the value of Okun's Law for the national economy.

Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0164-0704(05)80017-5
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:13:y:1991:i:4:p:641-656

Access Statistics for this article

Journal of Macroeconomics is currently edited by Douglas McMillin and Theodore Palivos

More articles in Journal of Macroeconomics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().