{"id":122772,"date":"2024-01-23T08:04:25","date_gmt":"2024-01-23T07:04:25","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/122772\/"},"modified":"2024-11-07T05:19:51","modified_gmt":"2024-11-07T04:19:51","slug":"how-strong-is-the-correlation-between-unemployment-and-growth-really-the-persistence-of-okuns-law-and-how-to-weaken-it-wwwforeurope-policy-paper-no-23","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/122772\/","title":{"rendered":"How Strong is the Correlation Between Unemployment and Growth Really? The Persistence of Okun's Law and How to Weaken it. WWWforEurope Policy Paper No. 23"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-122772","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We examine Okun's Law on the basis of new growth perspectives and in the context of the WWWForEurope project. By comparing Okun's work from 1962 with the latest IMF and OECD surveys, a connection is set up and Okun's theoretical framework is updated and its persistence is examined. In addition, the implicit logic of Okun's Law is stressed, and literature is reviewed from this point of view as well. Furthermore, the main implicit component of Okun's Law \u2013 productivity \u2013 is taken into account when discussing its breakdown in the WWWForEurope context. After applying the \"difference method\", we derive the conclusion that the Okun coefficients and intercepts vary substantially between countries.","onlinedate":"2015-07-24 02:00:00","lang":"English","publication_series":"WWWforEurope: Welfare, Wealth and Work for Europe","publication_date":"20150601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"59","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":359381,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[81966],"research_groups":[3510],"collaboration":"","persons":[4859],"persons_data":"[{\"personId\":4859,\"personName\":\"Stefan Marth\",\"organisationNames\":[]}]","clients":[10692,10704,10722,32851],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_bookanthology rendering_apa rendering_bookanthology_apa\\\"><span>Marth, S.<\\\/span> (2015). <span><em>How Strong is the Correlation Between Unemployment and Growth Really? The Persistence of Okun's Law and How to Weaken it. WWWforEurope Policy Paper No. 23<\\\/em><\\\/span>. (WWWforEurope: Welfare, Wealth and Work for Europe). WIFO. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/58260\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/58260<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_bookanthology rendering_vancouver rendering_bookanthology_vancouver\\\"><span>Marth S<\\\/span>. <span class=\\\"title\\\"><span>How Strong is the Correlation Between Unemployment and Growth Really? The Persistence of Okun's Law and How to Weaken it. WWWforEurope Policy Paper No. 23<\\\/span><\\\/span>. WIFO; 2015.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{fa0419e335cb4ba4842547eedf4f0194,<\\\/div><div>  title     = \\\"How Strong is the Correlation Between Unemployment and Growth Really? The Persistence of Okun's Law and How to Weaken it. WWWforEurope Policy Paper No. 23\\\",<\\\/div><div>  abstract  = \\\"We examine Okun's Law on the basis of new growth perspectives and in the context of the WWWForEurope project. By comparing Okun's work from 1962 with the latest IMF and OECD surveys, a connection is set up and Okun's theoretical framework is updated and its persistence is examined. In addition, the implicit logic of Okun's Law is stressed, and literature is reviewed from this point of view as well. Furthermore, the main implicit component of Okun's Law \u2013 productivity \u2013 is taken into account when discussing its breakdown in the WWWForEurope context. After applying the {\\\"}difference method{\\\"}, we derive the conclusion that the Okun coefficients and intercepts vary substantially between countries.\\\",<\\\/div><div>  author    = \\\"Stefan Marth\\\",<\\\/div><div>  note      = \\\"Correlation Between Unemployment and Growth\\\",<\\\/div><div>  year      = \\\"2015\\\",<\\\/div><div>  month     = jun,<\\\/div><div>  language  = \\\"English\\\",<\\\/div><div>  series    = \\\"WWWforEurope: Welfare, Wealth and Work for Europe\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_bookanthology rendering_ris rendering_bookanthology_ris\\\"><p>TY  - BOOK<\\\/p><p>T1  - How Strong is the Correlation Between Unemployment and Growth Really? The Persistence of Okun's Law and How to Weaken it. WWWforEurope Policy Paper No. 23<\\\/p><p>AU  - Marth, Stefan<\\\/p><p>N1  - Correlation Between Unemployment and Growth<\\\/p><p>PY  - 2015\\\/6<\\\/p><p>Y1  - 2015\\\/6<\\\/p><p>N2  - We examine Okun's Law on the basis of new growth perspectives and in the context of the WWWForEurope project. By comparing Okun's work from 1962 with the latest IMF and OECD surveys, a connection is set up and Okun's theoretical framework is updated and its persistence is examined. In addition, the implicit logic of Okun's Law is stressed, and literature is reviewed from this point of view as well. Furthermore, the main implicit component of Okun's Law \u2013 productivity \u2013 is taken into account when discussing its breakdown in the WWWForEurope context. After applying the \\\"difference method\\\", we derive the conclusion that the Okun coefficients and intercepts vary substantially between countries.<\\\/p><p>AB  - We examine Okun's Law on the basis of new growth perspectives and in the context of the WWWForEurope project. By comparing Okun's work from 1962 with the latest IMF and OECD surveys, a connection is set up and Okun's theoretical framework is updated and its persistence is examined. In addition, the implicit logic of Okun's Law is stressed, and literature is reviewed from this point of view as well. Furthermore, the main implicit component of Okun's Law \u2013 productivity \u2013 is taken into account when discussing its breakdown in the WWWForEurope context. After applying the \\\"difference method\\\", we derive the conclusion that the Okun coefficients and intercepts vary substantially between countries.<\\\/p><p>M3  - Study<\\\/p><p>T3  - WWWforEurope: Welfare, Wealth and Work for Europe<\\\/p><p>BT  - How Strong is the Correlation Between Unemployment and Growth Really? The Persistence of Okun's Law and How to Weaken it. WWWforEurope Policy Paper No. 23<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Strong is the Correlation Between Unemployment and Growth Really? The Persistence of Okun&#039;s Law and How to Weaken it. 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