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

32 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

Access to Document

10.1080/13504850500398625

Cite this

@article{8bac259468164346b2ea6358443d61d5,

title = "A flexible nonlinear inference to Okun's relationship",

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.",

author = "Huang, \{Ho Chuan\} and Lin, \{Shu Chin\}",

year = "2006",

month = apr,

day = "15",

doi = "10.1080/13504850500398625",

language = "English",

volume = "13",

pages = "325--331",

journal = "Applied Economics Letters",

issn = "1350-4851",

publisher = "Routledge",

number = "5",

}

TY - JOUR

T1 - A flexible nonlinear inference to Okun's relationship

AU - Huang, Ho Chuan

AU - Lin, Shu Chin

PY - 2006/4/15

Y1 - 2006/4/15

N2 - 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.

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.

UR - https://www.scopus.com/pages/publications/33646347914

U2 - 10.1080/13504850500398625

DO - 10.1080/13504850500398625

M3 - Article

AN - SCOPUS:33646347914

SN - 1350-4851

VL - 13

SP - 325

EP - 331

JO - Applied Economics Letters

JF - Applied Economics Letters

IS - 5

ER -

A flexible nonlinear inference to Okun's relationship

Abstract

Access to Document

Other files and links

Fingerprint

Cite this