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- W2156718402 abstract "Abstract This paper examines O kun's L aw using a spatial panel approach on NUTS 3 data for G reat B ritain over the period 1985–2011. The basic specification used as a starting point for the spatial analysis is the relationship between real output growth and unemployment rate changes. This is extended to incorporate spatial lags, to test for the presence of commuting effects, and to accommodate spatial residuals dependence. We estimate various spatial panel models, controlling for heterogeneity across areas, and find consistent evidence of a significant O kun's coefficient. Results also show that spillover effects from labour mobility and interregional linkages matter and have important implications for the validity of the empirical law." @default.
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- W2156718402 date "2015-03-13" @default.
- W2156718402 modified "2023-10-15" @default.
- W2156718402 title "Commuting effects in Okun's Law among British areas: Evidence from spatial panel econometrics" @default.
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- W2156718402 doi "https://doi.org/10.1111/pirs.12166" @default.
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