A flexible nonlinear inference to Okun's relationship

Ho Chuan Huang; Shu Chin Lin

doi:10.1080/13504850500398625

A flexible nonlinear inference to Okun's relationship

Ho Chuan Huang, Shu Chin Lin

Tamkang University

Research output: Contribution to journal › Article › peer-review

27 Scopus citations

Abstract

The study implements the flexible nonlinear inference approach of Hamilton (2001) to assess the validity of Okun's law. Using US quarterly data from 1948:1 to 2004:2, overwhelming evidence is found of nonlinearity between cyclical components of unemployment and output. However, the relationship is still negative and provides strong support of (nonlinear) Okun's law.

Original language	English
Pages (from-to)	325-331
Number of pages	7
Journal	Applied Economics Letters
Volume	13
Issue number	5
DOIs	https://doi.org/10.1080/13504850500398625
State	Published - 15 Apr 2006
Externally published	Yes

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abstract = "The study implements the flexible nonlinear inference approach of Hamilton (2001) to assess the validity of Okun's law. Using US quarterly data from 1948:1 to 2004:2, overwhelming evidence is found of nonlinearity between cyclical components of unemployment and output. However, the relationship is still negative and provides strong support of (nonlinear) Okun's law.",

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AB - The study implements the flexible nonlinear inference approach of Hamilton (2001) to assess the validity of Okun's law. Using US quarterly data from 1948:1 to 2004:2, overwhelming evidence is found of nonlinearity between cyclical components of unemployment and output. However, the relationship is still negative and provides strong support of (nonlinear) Okun's law.

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A flexible nonlinear inference to Okun's relationship

Abstract

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