This paper apply a threshold model to examine the nonlinear relationship between economic growth and unemployment rate. The key innovation of our model is that it takes into account endogenous explanatory variables and endogenous threshold variables. Empirical results show that Okun¡¦s law is nonlinear. Among different models under consideration,the absolute value of Okun¡¦s coefficient during contraction period is larger than that during expansion period.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0629111-205719 |
| Date | 29 June 2011 |
| Creators | Wu, Yi-ling |
| Contributors | Chingnun Lee, Jyh-Lin Wu, Yu-hau Hu |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0629111-205719 |
| Rights | not_available, Copyright information available at source archive |
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