1 resultado para Lyapunov coefficient
em Scottish Institute for Research in Economics (SIRE) (SIRE), United Kingdom
How do technical change and technological distance influence the size of the Okun’s Law coefficient?
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Resumo:
How does technical change influence the size of the Okun’s Law coefficient? Using a nonlinear version of Okun’s Law augmented with technical change and technological distance, we show that the impact of output movements on unemployment variations is influenced by the imitation or innovation origins of technical change