Economic Growth and Unemployment: Theoretical Foundations of Okun's Law

Hideyuki Adachi, Shin Imoto and Kazuyuki Inagaki

Chapter 3 in Studies in Medium-Run Macroeconomics:Growth, Fluctuations, Unemployment, Inequality and Policies, 2015, pp 69-85 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionProduction Function and Capital UtilizationDecisions of Firms on Capital Utilization and Labor EmploymentEquilibrium in the Goods Market and the Labor MarketDerivation of the Theoretical Equation of Okun's LawEmpirical AnalysisConclusionReferences

Keywords: Medium-Run; Growth; Unemployment; Inequality (search for similar items in EconPapers)
Date: 2015
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