Firms' confidence and Okun's law in OECD countries

被引：5

作者：

de Mendonca, Helder Ferreira ^{[1
]}

de Oliveira, Diego S. P. ^{[2
]}

机构：

[1] Fluminense Fed Univ, Dept Econ, Natl Council Sci & Technol Dev CNPq, Rua Dr Sodre 59, BR-26900000 Miguel Pereira, RJ, Brazil

[2] Fluminense Fed Univ, Dept Econ, Miguel Pereira, RJ, Brazil

来源：

ECONOMIC MODELLING | 2019年 / 78卷

关键词：

Okun's coefficient; Firms' confidence; Unemployment; Output gap; PANEL-DATA; COEFFICIENT; UNEMPLOYMENT; SENTIMENT; TESTS; EXPECTATIONS; ASYMMETRIES; INVESTMENT; BEHAVIOR; GROWTH;

D O I：

10.1016/j.econmod.2018.08.015

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Based on panel quarterly data regarding fifteen OECD countries for the period from 2001 to 2016, we provide empirical evidence for the relationship between firms' confidence and Okun's coefficient. In particular, we analyze if changes (updates) and persistent changes of firms' confidence have different implications for the Okun's coefficient. Based on Business Confidence Index and Managerial Sentiment Indicator we build indicators for measuring updates of the firms' confidence and performed several regressions. The findings denote that updates of medium-term as well as persistent updates of the firm's confidence are able to change the link between unemployment and output growth.

引用

页码：98 / 107

页数：10

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