Fiscal Shocks on Output Growth in China

2021 ◽  
Vol 23 (2) ◽  
pp. 71-94
Author(s):  
Jong Ha Lee ◽  
Jinyoung Hwang
Keyword(s):  
Output Growth ◽  
Fiscal Shocks

The relationship between output growth and unemployment in the Philippines economy (1990-2014):

2017 ◽  
Vol 5 (1) ◽  
pp. 49
Author(s):  
Marlon A. Mojica ◽  
Virgilio M. Tatlonghari
Keyword(s):  
Labor Force ◽  
Structural Break ◽  
Empirical Relationship ◽  
Trade Openness ◽  
Negative Relationship ◽  
Participation Rate ◽  
The Philippines ◽  
Output Growth ◽  
Recursive Least Squares ◽  
Parameter Instability

This paper examines the empirical relationship between unemployment and real output in the Philippines utilizing quarterly data from the Labor Force Survey by the Philippine Statistics Authority for the period from 1990-2014. The study employed three variants of Okun’s Law – the “gap” approach, the “first difference” approach, and a dynamic approach.   Findings show that the Okun’s coefficients based on the gap approach are consistent with the theoretical expectation of a negative relationship.  In the ARDL model, labor force participation rate and trade openness were found to be significantly related to unemployment. The result of dummy variable test revealed the presence of structural break following the re-definition of unemployment in the Philippines in 2005. Recursive least squares and rolling regressions show evidence of parameter instability in several sub-periods.

The Effects of Oil Prices Changes on Output Growth and Inflation: Evidence from Turkey

2013 ◽  
Vol 5 (11) ◽  
pp. 730-739 ◽  
Author(s):  
Pelin ÖGE GÜNEY
Keyword(s):  
Time Series Data ◽  
Output Growth ◽  
Oil Price ◽  
Series Data ◽  
Negative Effects ◽  
Price Changes ◽  
Asymmetric Effects ◽  
Price Increases ◽  
Causality Tests ◽  
The Impact

This paper investigates the effects of oil price changes on output and inflation for the case of Turkey using monthly time series data for the period 1990:1–2012:3. Recent studies suggest that oil price changes may have asymmetric effects on the macroeconomic variables. To account for asymmetric effects, we decompose oil price changes into positive and negative parts following Hamilton (1996). Our results show that while oil price increases have clear negative effects on output growth, the impact of oil price decline is insignificant. Similarly, oil price increases have positive and significant effects on inflation. However, oil price declines have not a significant effect on inflation. The Granger causality tests also support these results.

Sign in / Sign up

Export Citation Format

Share Document