Return to search

How Okun’s law was affected by the global financial crisis in three different countries : - An empirical analysis of the USA, Italy and Sweden in the timespan of 1985-2019

The global financial crisis that started in the USA affected several countries around the world. This study focuses on only three countries; the USA, Sweden, and Italy, which are examples of economies with three different labor market models. The purpose of this study is to investigate if and in that case how Okun's law was affected by the global financial crisis in the three countries’ labor market models and if there are any differences in the correlations before and after the global financial crisis. Okun’s difference version was used in this study. Quarterly time series data was used in this study during the time period 1985-2019. The Chow test was used to test the hypothesis. The results show that the global financial crisis affected Okun’s law after the crisis in all three countries. The USA, Sweden, and Italy were affected differently

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:miun-44339
Date January 2021
CreatorsDemirkoparan, Aysegul, hares, Rayhana
PublisherMittuniversitetet, Institutionen för ekonomi, geografi, juridik och turism
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeStudent thesis, info:eu-repo/semantics/bachelorThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess

Page generated in 0.0021 seconds