Okun’s Law: Evidence for the Brazilian Economy

Guilherme Tombolo () and Marcos Minoru Hasegawa ()
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Marcos Minoru Hasegawa: Graduation Program in Economic Development - Federal University of Paraná, Curitiba, Brazil

Economic Research Guardian, 2014, vol. 4, issue 1, 2-12

Abstract: In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α - βΔy, where “β” is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such values are similar to those of Italy (-0.21) and greater than the value of Japan (-0.12), but lower than those in countries like the UK (-0.58), USA (-0.52), France (- 0.43) and Germany (-0.38); the latter values were estimated by Sogner and Stiassny (2002).

Keywords: Output; Unemployment; Okun’s Law (search for similar items in EconPapers)
JEL-codes: E23 E24 E27 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Working Paper: Okun's law: evidence for the Brazilian economy (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:wei:journl:v:4:y:2014:i:1:p:2-12

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