Okun´s law in Colombia: a non-linear cointegration
This paper identifies Okun´s law in Colombia between 1984 and 2016 using a Vector Error Correction Model (VECM) as there is evidence of a long-term relationship between the unemployment rate and the GDP. Results suggest that after a one percent increase in GDP, the unemployment rate is reduced by...
| Autores Principales: | , , |
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| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Inglés (English) |
| Publicado: |
Banco de la República de Colombia
2018
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| Materias: | |
| Acceso en línea: | http://repositorio.banrep.gov.co/handle/20.500.12134/7010 |