| Yazarlar (2) |
Dr. Öğr. Üyesi Mücahit ÜLGER
Kırşehir Ahi Evran Üniversitesi, Türkiye |
Mert Topcu
Türkiye |
| Özet |
| This article presents a comprehensive literature review of empirical studies that examine the validity of Okun's Law across various model specifications-difference, gap, dynamic, and asymmetric models. Okun's Law, a well-explored theoretical concept in economics, posits an inverse relationship between unemployment and economic output. The examination of diverse model specifications in empirical research offers a nuanced understanding of this fundamental relationship under varying economic contexts and conditions.The difference model of Okun's Law, primarily concerned with the relationship between changes in unemployment and changes in economic growth, provides valuable insight into the immediate, real-time ramifications of economic fluctuations on employment levels. Studies employing this model exhibit a spectrum of results, shedding light on the varying sensitivity of unemployment to economic changes across different economies. The gap model, another essential analytical tool, evaluates the disparity between actual and potential output, facilitating a more longitudinal analysis of unemployment and economic growth interplay. Empirical studies utilizing the gap model contribute to a deeper, more temporally extensive understanding of the economic dynamics articulated by Okun's Law. Exploration using the dynamic model incorporates lagged variables, affording a more layered, timesensitive examination of economic and unemployment variations. This model reflects the temporal aspects of economic adjustments and their corresponding impacts on unemployment. Lastly, the asymmetric model allows for the investigation of … |
| Anahtar Kelimeler |
| Bildiri Türü | Tebliğ/Bildiri |
| Bildiri Alt Türü | Tam Metin Olarak Yayınlanan Tebliğ (Uluslararası Kongre/Sempozyum) |
| Bildiri Niteliği | Alanında Hakemli Uluslararası Kongre/Sempozyum |
| Bildiri Dili | İngilizce |
| Kongre Adı | International Conference on Contemporary Issues in Social Sciences 2023 |
| Kongre Tarihi | 29-11-2023 / 30-11-2023 |
| Basıldığı Ülke | |
| Basıldığı Şehir |
