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    Title: A flexible nonlinear inference to Okun's relationship
    Authors: Huang, Ho-chuan;Lin, Shu-chin
    Contributors: 淡江大學經濟學系
    Date: 2006-04
    Issue Date: 2009-11-30 18:37:41 (UTC+8)
    Publisher: Taylor & Francis
    Abstract: The study implements the flexible nonlinear inference approach of Hamilton (2001 Hamilton, ID. 2001. A parametric approach to flexible nonlinear inference. Econometrica, 69: 537–73.
    [CrossRef], [Web of Science ®]
    ) to assess the validity of Okun's law. Using US quarterly data from 1948:1 to 2004:2, overwhelming evidence is found of nonlinearity between cyclical components of unemployment and output. However, the relationship is still negative and provides strong support of (nonlinear) Okun's law.
    Relation: Applied Economics Letters 13(5), pp.325-331
    DOI: 10.1080/13504850500398625
    Appears in Collections:[財務金融學系暨研究所] 期刊論文
    [經濟學系暨研究所] 期刊論文

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