Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/64450 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Working Paper No. 2007-07
Verlag: 
The University of Utah, Department of Economics, Salt Lake City, UT
Zusammenfassung: 
Changes in labor productivity have been a source of puzzlement and paradoxical results for economists. We suggest that puzzles and paradoxes vanish once two simple regularities are properly acknowledged. Okun and Verdoorn's Laws explain 87 percent of all the variations in labor productivity. Also, our estimation method and our results suggest that conventional measures of Okun's Law have overestimated the value of the Okun coefficient, and accepted a greater degree of variability than is actually guaranteed by the empirical evidence. Okun's Law has been relatively stable through time, and there is no significant decrease in the value of the parameter since the 1960s.
Schlagwörter: 
Productivity
Cycle
Structural Change
JEL: 
E32
O49
O51
Dokumentart: 
Working Paper

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