Fulfillment of okun's law in the city of Posadas, Argentina, using dynamic models

Fil: Fernández, Rodrigo A. Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas. Centro de Estudios de Energía para el Desarrollo; Argentina.

Detalles Bibliográficos
Autores principales: Fernández, Rodrigo A., Simes, Horacio
Formato: Artículo publishedVersion
Lenguaje:Inglés
Publicado: Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración 2021
Materias:
Okun's law
GGP
Growth
Unemployment
Dynamic models
Acceso en línea:https://hdl.handle.net/20.500.12219/4900
Aporte de:
Repositorio Institucional Digital de la UNaM (RIDUNAM) de Universidad Nacional de Misiones
id I77-R195-20.500.12219-4900
record_format dspace
spelling I77-R195-20.500.12219-49002024-03-22T10:06:46Z Fulfillment of okun's law in the city of Posadas, Argentina, using dynamic models Fernández, Rodrigo A. Simes, Horacio Okun's law GGP Growth Unemployment Dynamic models Fil: Fernández, Rodrigo A. Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas. Centro de Estudios de Energía para el Desarrollo; Argentina. Fil: Simes, Horacio. Universidad Nacional de Misiones. Facultad de Ciencias Económicas; Argentina. The present paper contributes to the understanding to the functioning of the labor market in the city of Posadas, Misiones, Argentine Republic, and has as its objective to measure the relationship between the growth of the GGP of the Province of Misiones and the growth of unemployment in the same Province, by means of the use of the relationship known as of Okun's Law, using a dynamic specification. In the traditional static version one supposes the normal growth rate, for the whole period analyzed. However, said rate is modified due to variations in the marginal productivity of the work, a situation which is evidenced in the provincial economy as a result of the structural change caused by Convertibility. The dynamic specification of Okun's Law allows to capture the impact, of said changes in the marginal productivity of the paper. As a result of this paper such relationship is obtained that for each a point of growth of the GGP, above its tendency, it results in an unemployment rate decrease of 0.17%. Also, an asymmetry was established in the unemployment behavior which would evidence that when the economy grows 1%, unemployment drops 0.19%, and when the GGP drops 1%, always regarding its tendency value, unemployment increases only a 0.15%. 2021-11-17 info:eu-repo/semantics/article info:ar-repo/semantics/artículo info:eu-repo/semantics/publishedVersion https://hdl.handle.net/20.500.12219/4900 eng info:eu-repo/semantics/altIdentifier/urn/https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/613/512 info:eu-repo/semantics/openAccess application/pdf application/pdf 179 KB Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
institution Universidad Nacional de Misiones
institution_str I-77
repository_str R-195
collection Repositorio Institucional Digital de la UNaM (RIDUNAM)
language Inglés
topic Okun's law
GGP
Growth
Unemployment
Dynamic models
spellingShingle Okun's law
GGP
Growth
Unemployment
Dynamic models
Fernández, Rodrigo A.
Simes, Horacio
Fulfillment of okun's law in the city of Posadas, Argentina, using dynamic models
topic_facet Okun's law
GGP
Growth
Unemployment
Dynamic models
description Fil: Fernández, Rodrigo A. Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Departamento de Economía y Finanzas. Centro de Estudios de Energía para el Desarrollo; Argentina.
format Artículo
Artículo
publishedVersion
author Fernández, Rodrigo A.
Simes, Horacio
author_facet Fernández, Rodrigo A.
Simes, Horacio
author_sort Fernández, Rodrigo A.
title Fulfillment of okun's law in the city of Posadas, Argentina, using dynamic models
title_short Fulfillment of okun's law in the city of Posadas, Argentina, using dynamic models
title_full Fulfillment of okun's law in the city of Posadas, Argentina, using dynamic models
title_fullStr Fulfillment of okun's law in the city of Posadas, Argentina, using dynamic models
title_full_unstemmed Fulfillment of okun's law in the city of Posadas, Argentina, using dynamic models
title_sort fulfillment of okun's law in the city of posadas, argentina, using dynamic models
publisher Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
publishDate 2021
url https://hdl.handle.net/20.500.12219/4900
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