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    <title>EconStor Community: Wirtschaftswissenschaftliche Fakultät, Europa-Universität Viadrina</title>
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    <title>Don't trust anybody over 30: Youth unemployment and Okun's law in CEE countries</title>
    <link>http://hdl.handle.net/10419/71110</link>
    <description>Title: Don't trust anybody over 30: Youth unemployment and Okun's law in CEE countries
&lt;br/&gt;
&lt;br/&gt;Authors: Hutengs, Oliver; Stadtmann, Georg
&lt;br/&gt;
&lt;br/&gt;Abstract: In recent years youth unemployment rates across Europe soared, causing the European Commission to take actions through initiatives to counter this development. This article examines youth unemployment development in selected CEE countries and compares them to the EU 15. We use Okun's law and estimate age and country specific Okun coefficients for five different age cohorts. Our results show that young people display much higher Okun coefficients than their older peers, thus confirming that young people are more prone to macroeconomic shocks. This result might be a justification for additional governmental intervention and active labour market policies favouring young people.</description>
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  <item rdf:about="http://hdl.handle.net/10419/71110">
    <title>Don't trust anybody over 30: Youth unemployment and Okun's law in CEE countries</title>
    <link>http://hdl.handle.net/10419/71110</link>
    <description>Title: Don't trust anybody over 30: Youth unemployment and Okun's law in CEE countries
&lt;br/&gt;
&lt;br/&gt;Authors: Hutengs, Oliver; Stadtmann, Georg
&lt;br/&gt;
&lt;br/&gt;Abstract: In recent years youth unemployment rates across Europe soared, causing the European Commission to take actions through initiatives to counter this development. This article examines youth unemployment development in selected CEE countries and compares them to the EU 15. We use Okun's law and estimate age and country specific Okun coefficients for five different age cohorts. Our results show that young people display much higher Okun coefficients than their older peers, thus confirming that young people are more prone to macroeconomic shocks. This result might be a justification for additional governmental intervention and active labour market policies favouring young people.</description>
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  <item rdf:about="http://hdl.handle.net/10419/69616">
    <title>On the relevance of exports for regional output growth in China</title>
    <link>http://hdl.handle.net/10419/69616</link>
    <description>Title: On the relevance of exports for regional output growth in China
&lt;br/&gt;
&lt;br/&gt;Authors: Dreger, Christian; Zhang, Yanqun
&lt;br/&gt;
&lt;br/&gt;Abstract: Despite high economic growth during the last decades, China is still vulnerable to shocks arising from industrial states. The advanced economies determine Chinese export performance, with subsequent effects on output growth. Using a production function approach, this paper examines to which extent regional GDP growth in China is export driven. In a panel of 28 Chinese provinces, series are splitted into common and idiosyncratic components, the latter being stationary. The results indicate cointegration between the common components of GDP, the capital stock and exports. In equilibrium, exports increase GDP by more than their impact expected from the national accounts. While exports and capital are weakly exogenous, GDP responds to deviations from the long run. An adjustment pattern can be detected for almost all regions, except of some provinces in the Western part of the country.</description>
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  <item rdf:about="http://hdl.handle.net/10419/69616">
    <title>On the relevance of exports for regional output growth in China</title>
    <link>http://hdl.handle.net/10419/69616</link>
    <description>Title: On the relevance of exports for regional output growth in China
&lt;br/&gt;
&lt;br/&gt;Authors: Dreger, Christian; Zhang, Yanqun
&lt;br/&gt;
&lt;br/&gt;Abstract: Despite high economic growth during the last decades, China is still vulnerable to shocks arising from industrial states. The advanced economies determine Chinese export performance, with subsequent effects on output growth. Using a production function approach, this paper examines to which extent regional GDP growth in China is export driven. In a panel of 28 Chinese provinces, series are splitted into common and idiosyncratic components, the latter being stationary. The results indicate cointegration between the common components of GDP, the capital stock and exports. In equilibrium, exports increase GDP by more than their impact expected from the national accounts. While exports and capital are weakly exogenous, GDP responds to deviations from the long run. An adjustment pattern can be detected for almost all regions, except of some provinces in the Western part of the country.</description>
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