Uneingeschränkter Zugang

Testing the Validity of Okun’s Law in Algeria: Is there a difference between Maki’s Cointegration and Quantile’s Regression Results?


Zitieren

Abubakar, J., Nurudeen I. (2019). Economic Growth in India, Is It a Jobless Growth? An Empirical Examination Using Okun’s Law. The Indian Journal of Labour Economics, 62(2), 307–317. DOI: 10.1007/s41027-019-00165-w. Search in Google Scholar

Aissa, D., Ayad, H. (2022). Hard currency inflows and sterilization policy in Algeria. SN Business & Economics, 02(09), 124. Search in Google Scholar

Akram, M., Hussain, S., Raza, S., Masood, S. (2014). An empirical estimation of Okun’s Law in context of Pakistan. Journal of Finance and Economics, 2(5), 173–177. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.982.2549&rep=rep1&type=pdf. Search in Google Scholar

Albulescu, C., Tiwari, A., Yoon, S., Kang, S. (2019). FDI, income, and environmental pollution in Latin America: Replication and extension using panel quantiles regression analysis. Energy Economics, 84, 104504. DOI: 10.1016/j.eneco.2019.104504. Search in Google Scholar

Amor, M., Hassine, M. (2017). The relationship between unemployment and economic growth: is Okun’s Law valid for the Saudi Arabia case? International Journal of Economics and Business Research, 14(1), 44–60. DOI: 10.1504/IJEBR.2017.085553. Search in Google Scholar

Apergis, N., Rezitis, A. (2003). An examination of Okun’s law: evidence from regional areas in Greece. Applied Economics, 35(10), 1147–1151. DOI: 10.1080/0003684032000066787. Search in Google Scholar

Attouchi, M., Dahmani, M.D. (2020). Dynamic Effect of Government Expenditure on Unemployment in Algeria: A Structural Vector Autoregressive Approach 1970–2018. Namaa revue d’économie et de commerce, 166–176. Search in Google Scholar

Attouchi, M., Dahmani, M.D., Abdelmalek, M. (2019). Descriptive study of youth unemployment in Algeria. International Business and Management Sciences Congress (IBMSC19), 10. Search in Google Scholar

Ayad, H. (2021). Oil Prices and the Algerian Exchange Rate: Is there any Difference with Hidden Co-Integration? Folia Oeconomica Stetinensia, 21(01), 1–17. Search in Google Scholar

Ayad, H., Belmokaddem, M. (2020). Testing the Feldstein Horioka puzzle in Algeria: Maki co-integratioan and hidden causality analysis. In Proceedings of the International Conference on Applied Statistics, 02(01), 42–53. Search in Google Scholar

Ayad, H., Belmokaddem, M., Sari Hassoun, S. (2019). Frequency domain causality relationship analysis between poverty, economic growth and financial development in Algeria. Review of Economic and Business Studies, 12(01), 93–11. Search in Google Scholar

Ball, L., Leigh, D., Loungani, P. (2017). Okun’s Law: Fit at 50? Journal of Money, Credit and Banking, 1–29. Search in Google Scholar

Ball, L., Leigh, D., Loungani, P. (2017). Okun’s law: Fit at 50? Journal of Money, Credit and Banking, 49(7), 1413-1441. DOI: 10.1111/jmcb.12420. Search in Google Scholar

Bande, R., Martín-Román, Á.L. (2017). Regional differences in the Okun’s Relationship: New Evidence for Spain (1980–2015). MPRA Munich Personal RePEc Archive, 1–28. Search in Google Scholar

Bande, R., Martín-Román, Á.L. (2018). Regional differences in the Okun’s relationship: new evidence for Spain (1980–2015). Investigaciones Regionales, 41, 137–165. Retrieved from https://investigacionesregionales.org/wp-content/uploads/sites/3/2018/11/05-BANDE.pdf. Search in Google Scholar

Ben Amor, M. Ben Hassine, M. (2017). The relationship between unemployment and economic growth: is Okun’s Law valid for the Saudi Arabia case? International Journal of Economics and Business Research, 14(1), 44–60. DOI: 10.1504/IJEBR.2017.085553. Search in Google Scholar

Bod’a, M., Považanová, M. (2021). Output-unemployment asymmetry in Okun coefficients for OECD countries. Economic Analysis and Policy, 69, 307–323. DOI: 10.1016/j.eap.2020. 12.004. Search in Google Scholar

Boga, S. (2020). Investigating The Asymmetry Between Economic Growth And Unemployment In Turkey: A Hidden Cointegration Approach. Journal of Economics Finance and Accounting, 7(1), 22–33. DOI: 10.17261/Pressacademia.2020.1178. Search in Google Scholar

Carrion-i-Silvestre, J., Sansó, A. (2006). Testing the null of cointegration with structural breaks. Oxford Bulletin of Economics and Statistics, 68(5), 623–646. DOI: 10.1111/j.1468-0084. 2006.00180.x. Search in Google Scholar

Ceylan, S., Şahin, B. (2011). Asymmetry in the relationship between unemployment and economic growth. Doğuş University Journal, 11(2), 157–165. Retrieved from https://openaccess.dogus.edu.tr/xmlui/handle/11376/297. Search in Google Scholar

Chamberlin, G. (2011). Okun’s law revisited. Economic & Labour Market Review, 5(2), 104–132. DOI: 10.1057/elmr.2011.21. Search in Google Scholar

Chuttoo, U.D. (2020). Effect of Economic Growth on Unemployment and Validity of Okun’s Law in Mauritius. Global Journal of Emerging Market Economies, 12(2), 231–250. DOI: 10.1177/0974910119886934. Search in Google Scholar

Chuttoo, U.D. (2020). Effect of Economic Growth on Unemployment and Validity of Okun’s Law in Mauritius. Global Journal of Emerging Market Economies, 12(2), 231–250. DOI: 10.1177/0974910119886934. Search in Google Scholar

Dahmani, M.D., Rakrek, M. (2015). Revisiting the relationship between unemployment rate and economic growth in Algeria, 1970–2014: Co-integration approach using ARDL mode. Journal of Quantitative Economics Studies, 1–18. Search in Google Scholar

Dixon, R.L. (2017). Revisiting the Okun relationship. Applied Economics, 49(28), 2749–2765. DOI: 10.1080/00036846.2016.1245846. Search in Google Scholar

Djedaiet, A., Ayad, H. (2022). The double whammy of COVID-19 and oil price collapse: Spillover effects on inflation and exchange rates. Review of Socio Economic Perspectives, 07(02), 11–23. Search in Google Scholar

Elshamy, H. (2013). The relationship between unemployment and output in Egypt. Procedia-Social and Behavioral Sciences, 81, 22–26. DOI: 10.1016/j.sbspro.2013.06.381. Search in Google Scholar

Engle, R.F., Granger, C.W.J. (1987). Co-integration and error correction: representation, estimation, and testing. Econometrica: Journal of the Econometric Society, 55(2), 251–276. DOI: 10.2307/1913236. Search in Google Scholar

Gelfer, S. (2020). Re-evaluating Okun’s Law: Why all recessions and recoveries are different. Economics Letters, 196, 109497. DOI: 10.1016/j.econlet.2020.109497. Search in Google Scholar

Gouider, A., Nouira, R., Sboui, F. (2018). a relation croissance-chômage en Tunisie : validation de la spécification non linéaire de la loi d’Okun. Région et Développement, 27–41. Search in Google Scholar

Gregory, A.W. (1996). Residual-based tests for cointegration in models with regime shifts. Journal of Econometrics, 70(1), 99–126. DOI: 10.1016/0304-4076(69)41685-7. Search in Google Scholar

Hatemi-J, A. (2008). Tests for Cointegration with Two Unknown Regime Shifts with an Application. Empirical Economics, 35(3), 497–505. DOI: 10.1007/s00181-007-0175-9. Search in Google Scholar

Huang, G.H. (2020). Endogeneity in Okun’s law. Applied Economics Letters, 27(11), 910–914. DOI: 10.1080/13504851.2019.1646861. Search in Google Scholar

Ibragimov, M., Ibragimov, R. (2017). Unemployment and output dynamics in CIS countries: Okun’s law revisited. Applied Economics, 49(34), 3453–3479. DOI: 10.1080/00036846. 2016.1262519. Search in Google Scholar

Iorember, P.T. (2020). The influence of renewable energy use, human capital, and trade on environmental quality in South Africa: multiple structural breaks cointegration approach. Environmental Science and Pollution Research, 1–13. DOI: 10.1007/s11356-020-11370-2. Search in Google Scholar

Jareño, F., Ferrer, R., Miroslavova, S. (2016). US stock market sensitivity to interest and inflation rates: a quantile regression approach. Applied Economics, 48(26), 2469–2481. DOI: 10.1080/00036846.2015.1122735. Search in Google Scholar

Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica, 59(6), 1551–1580. DOI: 10.2307/2938278. Search in Google Scholar

Kapetanios, G. (2005). Unit‐root testing against the alternative hypothesis of up to m structural breaks. Journal of Time Series Analysis, 26(1), 123–133. DOI: 10.1111/j.1467-9892.2005.00393.x. Search in Google Scholar

Kim, M.J. (2015). n empirical test for Okun’s law using a smooth time-varying parameter approach: evidence from East Asian countries. Applied Economics Letters, 22(10), 788–795. DOI: 10.1080/13504851.2014.978068. Search in Google Scholar

Knoester, A. (1986). revisited, Okun’s law. Weltwirtschaftliches Archiv, 122(4), 657–666. DOI: 10.1007/BF02707853. Search in Google Scholar

Knotek II, E.S. (2007). How useful is Okun’s law? Economic Review-Federal Reserve Bank of Kansas City, 92(4), 73–103. Retrieved from http://www.kansascityfed.org/Publicat/ECONREV/PDF/4q07Knotek.pdf. Search in Google Scholar

Koenker, R., Bassett Jr, G. (1978). Regression quantiles. Econometrica: Journal of the Econometric Society, 46(1), 33–50. DOI: 10.2307/1913643. Search in Google Scholar

Koenker, R., Zhao, Q. (1994). L-estimatton for linear heteroscedastic models. Journaltitle of Nonparametric Statistics, 3(3–4), 223-235. DOI: 10.1080/10485259408832584. Search in Google Scholar

Latif, N., Saleem, A., Adil, R., Akhtar, P., Gulzar, F. (2021). Unemployment and output nexus: Validation of Okun’s Law in Pakistan. International Journal of Management (IJM), 12(5), 208–220. DOI: 10.34218/IJM.12.5.2021.019. Search in Google Scholar

Lal, I.M. (2010). Test of Okun’s law in some Asian countries co-integration approach. European Journal of Scientific Research, 40(1), 73–80. DOI: 10.2139/ssrn.1562602. Search in Google Scholar

Lee, C.-C., Zeng, J.-H. (2011). The impact of oil price shocks on stock market activities: Asymmetric effect with quantile regression. Mathematics and Computers in Simulation, 81(9), 1910–1920. DOI: 10.1016/j.matcom.2011.03.004. Search in Google Scholar

Lee, J. (2000). The robustness of Okun’s law: Evidence from OECD countries. Journal of Macroeconomics, 22(2), 331–356. DOI: 10.1016/S0164-0704(00)00135-X. Search in Google Scholar

Lee, J., Strazicich, M. (2003). Minimum Lagrange Multiplier Unit Root Test with Two Structural Breaks. The Review of Economics and Statistics, 85(4), 1082–1089. DOI: 10.1162/003465303772815961. Search in Google Scholar

Louail, B., Riache, S. (2019). Asymmetry relationship between economic growth and unemployment rates in the Saudi economy: Application of Okun’s law during the period 1991–2017. International Journal of Advanced and Applied Sciences, 6(10), 83–88. Search in Google Scholar

Maki, D. (2012). Tests for Cointegration Allowing for an Unknown Number of Breaks. Economic Modelling, 29(5), 2011–2015. DOI: 10.1016/j.econmod.2012.04.022. Search in Google Scholar

Marinkov, M., Geldenhuys, J.‐P. (2007). Cyclical unemployment and cyclical output: An estimation of Okun’s coefficient for South Africa. South African Journal of Economics, 75(3), 373–390. DOI: 10.1111/j.1813-6982.2007.00134.x. Search in Google Scholar

Melguizo, C. (2017). An analysis of Okun’s law for the Spanish provinces. Review of Regional Research, 37(1), 59–90. DOI: 10.1007/s10037-016-0110-7. Search in Google Scholar

MKim, M.J., Park, S.Y. (2018). Do gender and age impact the time-varying Okun’s law? Evidence from South Korea. Wiley Pacific Economic Review, 24(5), 1–14. DOI: 10.1111/1468-0106.12288. Search in Google Scholar

Moosa, I. (1997). A cross-country comparison of Okun’s coefficient. Journal of Comparative Economics, 24(3), 335–356. DOI: 10.1006/jcec.1997.1433. Search in Google Scholar

Moosa, I. (2008). Economic growth and unemployment in Arab countries: Is Okun’s law valid? Journal of Development and Economic Policies, 10(2), 5–24. Search in Google Scholar

Myeong, J.K., Sung, Y.P. (2018). Do gender and age impact the time-varying Okun’s law? Evidence from South Korea. Wiley Pacific Economic Review, 1–14. Search in Google Scholar

Neifar, M. (2020). Cyclical Output, Cyclical Unemployment, and augmented Okun’s Law in MENA zone. MPRA Munich Personal RePEc Archive, 1–34. Search in Google Scholar

Ng, S., Perron, P. (2001). Lag length selection and the construction of unit root tests with good size and power. Econometrica, 69(6), 1519–1554. DOI: 10.1111/1468-0262.00256. Search in Google Scholar

Nurudeen, A. (2017). Does Okun’s law exist in Nigeria? Evidence from the ARDL bounds testing approach. Contemporary Economics, 11(2), 131–145. Search in Google Scholar

Nusair, S.A., Al-Khasawneh, J.A. (2018). Oil price shocks and stock market returns of the GCC countries: empirical evidence from quantile regression analysis. Economic Change and Restructuring, 51(4), 339–372. DOI: 10.1007/s10644-017-9207-4. Search in Google Scholar

Okun, A. (1962). Potential GNP: Its measurement and significance (Proceedings of the Business and Economics Section ed.). American Statistical Association. Search in Google Scholar

Perman, R., Stephan, G., Tavéra, C. (2015). O kun’s Law – a Meta‐analysis. The Manchester School, 83(1), 101–126. DOI: 10.1111/manc.12057. Search in Google Scholar

Prachowny, M.F. (1993). Okun’s law: theoretical foundations and revised estimates. The review of Economics and Statistic, 75(2), 331–336. DOI: 10.2307/2109440. Search in Google Scholar

Rahman, M. Mustafa, M. (2017). Okun’s law: evidence of 13 selected developed countries. Journal of Economics and Finance, 41(2), 297–310. DOI: 10.1007/s12197-015-9351-5. Search in Google Scholar

Shin, Y., Yu, B., Greenwood-N, M. (2014). Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework. Econometric Methods and Applications, 281-314. DOI: 10.1007/978-1-4899-8008-3__9. Search in Google Scholar

Smith, G. (1974). Okun’s law revisited. (380), Cowles Foundation for Research in Economics, 37–57. Yale University. Retrieved from https://cowles.yale.edu/sites/default/files/files/pub/d03/d0380.pdf. Search in Google Scholar

Thirlwall, A.P. (1969). Okun’s law and the natural rate of growth. Southern Economic Journal, 36(1), 87–89. DOI: 10.2307/1056813. Search in Google Scholar

Uddin, M., Ali, M., Masih, M. (2017). Political stability and growth: An application of dynamic GMM and quantile regression. Economic Modelling, 64, 610–625. DOI: 10.1016/j.econmod. 2017.04.028. Search in Google Scholar

Valadkhani, A. Smyth, R. (2015). Switching and asymmetric behaviour of the Okun coefficient in the US: Evidence for the 1948–2015 period. Economic Modelling, 50, 281–290. DOI: 10.1016/j.econmod.2015.07.001. Search in Google Scholar

Westerlund, J., Edgerton, D.L. (2007). New Improved Tests for Cointegration with Structural Breaks. Journal of time series, 28(2), 188–224. DOI: 10.1111/j.1467-9892.2006.00504.x. Search in Google Scholar

Widarjono, A. (2020). Asymmetric Okun’s law in an emerging market: ASEAN-3 case. Economics & Sociology, 13(3), 203–2017. DOI: 10.14254/2071-789X.2020/13-3/12. Search in Google Scholar

Yildirim, D., Orman, E.E. (2018). The Feldstein–Horioka puzzle in the presence of structural breaks: evidence from China. Journal of the Asia Pacific Economy, 23(3), 374–392. DOI: 10.1080/13547860.2017.1396640. Search in Google Scholar

Zanin, L. (2014). On Okun’s law in OECD countries: An analysis by age cohort. Economics Letters, 125(2), 243–248. DOI: 10.1016/j.econlet.2014.08.030. Search in Google Scholar

Zmami, M., Ben-Salha, O. (2020). Oil price and the economic activity in GCC countries: evidence from quantile regression. Equilibrium. Quarterly Journal of Economics and Economic Policy, 15(4), 651–673. DOI: 10.24136/eq.2020.028. Search in Google Scholar

eISSN:
1898-0198
Sprache:
Englisch
Zeitrahmen der Veröffentlichung:
2 Hefte pro Jahr
Fachgebiete der Zeitschrift:
Wirtschaftswissenschaften, Volkswirtschaft, andere