Okun's convergence within the US
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Date
2009
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Springer Heidelberg
Access Rights
info:eu-repo/semantics/closedAccess
Abstract
This paper analyzes Okun's law for the states of the US over the period 1978-2002. By using Geographically Weighted Regression, possible geographical interactions across the analyzed states are taken into account. There is evidence of time-varying Okun's coefficients in each state. Moreover, the empirical results are in favor of a convergence across the states in terms of Okun's coefficients, thus of the phrase, Okun's convergence. Finally, possible stability clubs for Okun's coefficients are also investigated, and it is found that Okun's clusters are also mostly geographical.
Description
Keywords
Okun's Convergence, Geographically Weighted Regression, Regional Analysis, The Us, Law, Coefficient, Growth
Journal or Series
Letters in Spatial and Resource Sciences
WoS Q Value
N/A
Scopus Q Value
Q2
Volume
2
Issue
2.Mar
