The heterogeneity of Okun's law: A metaregression analysis
Okun's law, a significant parameter in empirical research and policy analysis, faces considerable heterogeneity. This stems from its dual interpretation in the literature, with one implying unemployment's effects on output and the other suggesting output's effects on unemployment. Consequently, comp...
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| Médium: | article |
| Jazyk: | angličtina |
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2023
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| On-line přístup: | https://hdl.handle.net/20.500.12008/51050 https://doi.org/10.1016/j.econmod.2023.106490 |
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| _version_ | 1868890195834699776 |
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| author | Porras, Sylvina |
| author2 | Martín-Román, Ángel |
| author2_role | author |
| author_browse | Martín-Román, Ángel Porras, Sylvina |
| author_facet | Porras, Sylvina Martín-Román, Ángel |
| author_role | author |
| collection | COLIBRI |
| dc.contributor.none.fl_str_mv | Porras Sylvina, Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía Martín-Román Ángel, Universidad de Valladolid |
| dc.creator.none.fl_str_mv | Porras, Sylvina Martín-Román, Ángel |
| dc.date.none.fl_str_mv | 2023 2025-08-14T15:19:14Z 2025-08-14T15:19:14Z |
| dc.format.none.fl_str_mv | 17 p. application/pdf |
| dc.identifier.none.fl_str_mv | PORRAS, Sylvina y MARTÍN-ROMÁN, Ángel. The heterogeneity of Okun's law: A metaregression analysis. Economic Modelling, 2023, vol. 128. https://doi.org/10.1016/j.econmod.2023.106490 https://hdl.handle.net/20.500.12008/51050 https://doi.org/10.1016/j.econmod.2023.106490 |
| dc.language.none.fl_str_mv | en eng |
| dc.publisher.none.fl_str_mv | ScienceDirect |
| dc.relation.none.fl_str_mv | Economic Modelling, vol. 128. |
| dc.rights.none.fl_str_mv | info:eu-repo/semantics/openAccess Licencia Creative Commons Atribución - No Comercial (CC - By-NC 4.0) |
| dc.source.none.fl_str_mv | reponame:COLIBRI instname:Universidad de la República instacron:Universidad de la República |
| dc.subject.none.fl_str_mv | Okun's law Metaregression Heterogeneity EMPLEO |
| dc.title.none.fl_str_mv | The heterogeneity of Okun's law: A metaregression analysis |
| dc.type.none.fl_str_mv | Artículo info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
| description | Okun's law, a significant parameter in empirical research and policy analysis, faces considerable heterogeneity. This stems from its dual interpretation in the literature, with one implying unemployment's effects on output and the other suggesting output's effects on unemployment. Consequently, comparing results from these approaches is not straightforward. Even within each approach, variability persists. Through meta-analysis and correction for publication bias, we identified the primary factor contributing to heterogeneity in both approaches: labor market characteristics (e.g., self-employment, labor laws, productive structure), leading to varying reactions of unemployment to cyclical output changes across different labor markets. The second most influential factor was methodological issues (data type, frequency, spatial coverage, sample period, etc.), highlighting how researchers' decisions impact results. Lastly, the underlying theoretical model also accounted for some variability. Okun proposed three models to estimate the relationship, which yielded comparable results for the US economy, but for other economies this was less evident. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | anni_ced64e658669958aadba3cbdf9dca3d8 |
| identifier_str_mv | PORRAS, Sylvina y MARTÍN-ROMÁN, Ángel. The heterogeneity of Okun's law: A metaregression analysis. Economic Modelling, 2023, vol. 128. https://doi.org/10.1016/j.econmod.2023.106490 |
| instacron_str | Universidad de la República |
| institution | Universidad de la República |
| instname_str | Universidad de la República |
| language | eng |
| language_invalid_str_mv | en |
| network_acronym_str | anni |
| network_name_str | oai-lr-anni |
| oai_identifier_str | oai:colibri.udelar.edu.uy:20.500.12008/51050 |
| publishDate | 2023 |
| publishDateSort | 2023 |
| publisher.none.fl_str_mv | ScienceDirect |
| reponame_str | COLIBRI |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | Licencia Creative Commons Atribución - No Comercial (CC - By-NC 4.0) |
| spelling | The heterogeneity of Okun's law: A metaregression analysisPorras, SylvinaMartín-Román, ÁngelOkun's lawMetaregressionHeterogeneityEMPLEOOkun's law, a significant parameter in empirical research and policy analysis, faces considerable heterogeneity. This stems from its dual interpretation in the literature, with one implying unemployment's effects on output and the other suggesting output's effects on unemployment. Consequently, comparing results from these approaches is not straightforward. Even within each approach, variability persists. Through meta-analysis and correction for publication bias, we identified the primary factor contributing to heterogeneity in both approaches: labor market characteristics (e.g., self-employment, labor laws, productive structure), leading to varying reactions of unemployment to cyclical output changes across different labor markets. The second most influential factor was methodological issues (data type, frequency, spatial coverage, sample period, etc.), highlighting how researchers' decisions impact results. Lastly, the underlying theoretical model also accounted for some variability. Okun proposed three models to estimate the relationship, which yielded comparable results for the US economy, but for other economies this was less evident.ScienceDirectPorras Sylvina, Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de EconomíaMartín-Román Ángel, Universidad de Valladolid2025-08-14T15:19:14Z2025-08-14T15:19:14Z2023Artículoinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersion17 p.application/pdfPORRAS, Sylvina y MARTÍN-ROMÁN, Ángel. The heterogeneity of Okun's law: A metaregression analysis. Economic Modelling, 2023, vol. 128. https://doi.org/10.1016/j.econmod.2023.106490https://hdl.handle.net/20.500.12008/51050https://doi.org/10.1016/j.econmod.2023.106490reponame:COLIBRIinstname:Universidad de la Repúblicainstacron:Universidad de la RepúblicaenengEconomic Modelling, vol. 128.Las obras depositadas en el Repositorio se rigen por la Ordenanza de los Derechos de la Propiedad Intelectual de la Universidad de la República.(Res. Nº 91 de C.D.C. de 8/III/1994 – D.O. 7/IV/1994) y por la Ordenanza del Repositorio Abierto de la Universidad de la República (Res. Nº 16 de C.D.C. de 07/10/2014)info:eu-repo/semantics/openAccessLicencia Creative Commons Atribución - No Comercial (CC - By-NC 4.0)oai:colibri.udelar.edu.uy:20.500.12008/510502026-04-14T10:40:21Z |
| spellingShingle | The heterogeneity of Okun's law: A metaregression analysis Porras, Sylvina Okun's law Metaregression Heterogeneity EMPLEO |
| status_str | publishedVersion |
| title | The heterogeneity of Okun's law: A metaregression analysis |
| title_full | The heterogeneity of Okun's law: A metaregression analysis |
| title_fullStr | The heterogeneity of Okun's law: A metaregression analysis |
| title_full_unstemmed | The heterogeneity of Okun's law: A metaregression analysis |
| title_short | The heterogeneity of Okun's law: A metaregression analysis |
| title_sort | The heterogeneity of Okun's law: A metaregression analysis |
| topic | Okun's law Metaregression Heterogeneity EMPLEO |
| url | https://hdl.handle.net/20.500.12008/51050 https://doi.org/10.1016/j.econmod.2023.106490 |