Dynamic regression models with stochastic trends: an application to the unemployment -growth relation

Autores
Abril, Juan Carlos
Año de publicación
2003
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
The form in which the national product affects the level of unemployment has become one of the most relevant macroeconomic subjects. A simple form of measuring the relation between the increase (decrease) of the national product and the decrease (increase) of the unemployment rate is explained by the so called ``Okun Law´´, according to which it is not expected, except under very special conditions, that each point of increase of the product results in a point of increase of the employment and, consequently, a fall of one point in the unemployment rate. The relation between growth and unemployment is much more complex and can be resumed in the following equation ut  - ut-1 = - r (gt - ct), where ut is the unemployment rate, gt the percentage growth of the product and ct represents the percentage growth of the product that it is needed to maintain the unemployment level of the previous period. One of our objectives is to estimate ct .
Fil: Abril, Juan Carlos. Universidad Nacional de Tucumán. Facultad de Ciencias Económicas. Instituto de Investigaciones Estadísticas; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Tucumán; Argentina
Materia
STYLIZED FACTS
KALMAN FILTERING
GROWTH
UNEMPLOYMENT
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/105977
Acceder
id CONICETDig_016d4da46bf395083dca3368a18ab648
oai_identifier_str oai:ri.conicet.gov.ar:11336/105977
network_acronym_str CONICETDig
repository_id_str 3498
network_name_str CONICET Digital (CONICET)
spelling Dynamic regression models with stochastic trends: an application to the unemployment -growth relationAbril, Juan CarlosSTYLIZED FACTSKALMAN FILTERINGGROWTHUNEMPLOYMENThttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5The form in which the national product affects the level of unemployment has become one of the most relevant macroeconomic subjects. A simple form of measuring the relation between the increase (decrease) of the national product and the decrease (increase) of the unemployment rate is explained by the so called ``Okun Law´´, according to which it is not expected, except under very special conditions, that each point of increase of the product results in a point of increase of the employment and, consequently, a fall of one point in the unemployment rate. The relation between growth and unemployment is much more complex and can be resumed in the following equation ut  - ut-1 = - r (gt - ct), where ut is the unemployment rate, gt the percentage growth of the product and ct represents the percentage growth of the product that it is needed to maintain the unemployment level of the previous period. One of our objectives is to estimate ct .Fil: Abril, Juan Carlos. Universidad Nacional de Tucumán. Facultad de Ciencias Económicas. Instituto de Investigaciones Estadísticas; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Tucumán; ArgentinaPakistan Journal of Statistics2003-05info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/105977Abril, Juan Carlos; Dynamic regression models with stochastic trends: an application to the unemployment -growth relation; Pakistan Journal of Statistics; Pakistan Journal of Statistics; 19; 2; 5-2003; 175-1981012-9367CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/http://www.pakjs.com/1985-to-2016/info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-10T13:20:28Zoai:ri.conicet.gov.ar:11336/105977instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-10 13:20:29.163CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Dynamic regression models with stochastic trends: an application to the unemployment -growth relation
title Dynamic regression models with stochastic trends: an application to the unemployment -growth relation
spellingShingle Dynamic regression models with stochastic trends: an application to the unemployment -growth relation
Abril, Juan Carlos
STYLIZED FACTS
KALMAN FILTERING
GROWTH
UNEMPLOYMENT
title_short Dynamic regression models with stochastic trends: an application to the unemployment -growth relation
title_full Dynamic regression models with stochastic trends: an application to the unemployment -growth relation
title_fullStr Dynamic regression models with stochastic trends: an application to the unemployment -growth relation
title_full_unstemmed Dynamic regression models with stochastic trends: an application to the unemployment -growth relation
title_sort Dynamic regression models with stochastic trends: an application to the unemployment -growth relation
dc.creator.none.fl_str_mv Abril, Juan Carlos
author Abril, Juan Carlos
author_facet Abril, Juan Carlos
author_role author
dc.subject.none.fl_str_mv STYLIZED FACTS
KALMAN FILTERING
GROWTH
UNEMPLOYMENT
topic STYLIZED FACTS
KALMAN FILTERING
GROWTH
UNEMPLOYMENT
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv The form in which the national product affects the level of unemployment has become one of the most relevant macroeconomic subjects. A simple form of measuring the relation between the increase (decrease) of the national product and the decrease (increase) of the unemployment rate is explained by the so called ``Okun Law´´, according to which it is not expected, except under very special conditions, that each point of increase of the product results in a point of increase of the employment and, consequently, a fall of one point in the unemployment rate. The relation between growth and unemployment is much more complex and can be resumed in the following equation ut  - ut-1 = - r (gt - ct), where ut is the unemployment rate, gt the percentage growth of the product and ct represents the percentage growth of the product that it is needed to maintain the unemployment level of the previous period. One of our objectives is to estimate ct .
Fil: Abril, Juan Carlos. Universidad Nacional de Tucumán. Facultad de Ciencias Económicas. Instituto de Investigaciones Estadísticas; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Tucumán; Argentina
description The form in which the national product affects the level of unemployment has become one of the most relevant macroeconomic subjects. A simple form of measuring the relation between the increase (decrease) of the national product and the decrease (increase) of the unemployment rate is explained by the so called ``Okun Law´´, according to which it is not expected, except under very special conditions, that each point of increase of the product results in a point of increase of the employment and, consequently, a fall of one point in the unemployment rate. The relation between growth and unemployment is much more complex and can be resumed in the following equation ut  - ut-1 = - r (gt - ct), where ut is the unemployment rate, gt the percentage growth of the product and ct represents the percentage growth of the product that it is needed to maintain the unemployment level of the previous period. One of our objectives is to estimate ct .
publishDate 2003
dc.date.none.fl_str_mv 2003-05
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/105977
Abril, Juan Carlos; Dynamic regression models with stochastic trends: an application to the unemployment -growth relation; Pakistan Journal of Statistics; Pakistan Journal of Statistics; 19; 2; 5-2003; 175-198
1012-9367
CONICET Digital
CONICET
url http://hdl.handle.net/11336/105977
identifier_str_mv Abril, Juan Carlos; Dynamic regression models with stochastic trends: an application to the unemployment -growth relation; Pakistan Journal of Statistics; Pakistan Journal of Statistics; 19; 2; 5-2003; 175-198
1012-9367
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/http://www.pakjs.com/1985-to-2016/
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Pakistan Journal of Statistics
publisher.none.fl_str_mv Pakistan Journal of Statistics
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
_version_ 1842981118481006592
score 12.48226

Publicaciones similares