Is there a Trade-off between Output and Unemployment? An Evidence from Okun’s Law for G-20 Countries

Abstract

Global economic system, encourage countries to work within collaboration. Developing countries aims to reach developed countries' level economically by the help of this cooperation. Although this purpose is not articulated directly, living in better welfare conditions is the prior economic target of every nation. The Group of Twenty (also known as G-20) in real includes 19 unique countries, which is an international corporation for the governments and central bank governors from 20 major emerging economies along with European Union. The G-20 economies produce around 86% of the world Gross Domestic Product (GDP) and contains 67% of world population (IEA, 2012). G-20 countries which are the extended form of G7 countries are

Estimación de la Ley de Okun para México al nivel estatal y por tamaño de localidad

“…En un estudio aplicado para países que pertenecen al G20 entre 1991 y 2014, Acaroğlu (2018) estima la versión de brechas de la Ley de Okun por medio de la aplicación de filtros temporales. En sus resultados se encuentra que no es posible verificar la dirección negativa entre ingresos y desempleo para los países de China, Indonesia, Arabia Saudita y Turquía (Acaroğlu, 2018).…”