Detail práce

Okun’s Law and Social Expenditure

Autor: Mgr. Marta Batíková
Rok: 2021 - letní
Vedoucí: Mgr. Luboš Hanus
Konzultant:
Typ práce: Diplomová
Finance, finanční trhy a bankovnictví
Jazyk: Anglicky
Stránky: 96
Ocenění:
Odkaz:
Abstrakt: This thesis analyses Okun’s law and its cross-country differences based on social
expenditures. To estimate the law in time, Nadaraya-Watson kernel estimation is
employed, which has not been applied to Okun’s law in any previous study. Thus, to
assess the robustness of the model, the statistical testing of hypotheses is used to
evaluate the time-varying coefficients.
The analysis is executed on OECD countries between 1995 and 2019, and the results
are mainly in line with the previous literature. Periods with higher GDP growth and lower
unemployment rates, on average, tend to have higher Okun’s coefficients. Moreover,
cross-country comparison reports the tendency of countries with, on average lower
unemployment spending and higher GDP per capita to exhibit higher Okun’s
coefficients.

02

Prosinec

Prosinec 2021
poútstčtsone
  12345
6789101112
13141516171819
20212223242526
2728293031  

Partneři

Deloitte

Sponzoři

CRIF
McKinsey
Patria Finance