Legea lui Okun pentru România în perioada 1992-2004

Okun's Law for Romania during 1992-2004

Ciprian Turturean ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this article the author examines, based on the inflation rate and unemployment rate registered in Romania during 1993-2004, how to show Okun's Law. Results consist of two distinct models explaining the dependency between the GDP’s growth rate of and the unemployment rate’s growth and vice versa. This shows that in the case of Romania we can not be talking about reciprocal and unique two-way relationship approach using the same model, the direct and mutual dependencies between growth of unemployment rate and the growth rate of GDP’s as shown in the original formulation of Okun's Law.

Keywords: Okun's Law; GDP’s growth rate; unemployment rate’s growth; econometric modeling; reciprocal and exclusive reciprocal two-way relationship (search for similar items in EconPapers)
JEL-codes: C01 C10 C22 C51 E24 (search for similar items in EconPapers)
Date: 2007-10-24
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Published in Politici, modele si scenarii de crestere economica in vederea aderarii Romaniei la Uniunea Europeana ISBN 978-973-594-978-5 (2007): pp. 214-221

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:10638

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