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Article

Взаимосвязь ВВП, безработицы и занятости: углубленный анализ закона Оукена для России

Вопросы экономики. 2015. № 3. С. 5-27.
Вакуленко Е. С., Гурвич Е. Т.

The authors estimate the short-term and long-term relationship GDP- unemployment (employment). These are the first reliable and robust confirmations of Okun's law validity for Russia. It has been shown that the reaction of unemployment to output decline is much stronger than the response to output growth of the same size. Cross-country comparisons give evidence that Okun's coefficient for Russia is slightly inferior to the same indicator for most developed countries, but is similar to coefficients found for other emerging markets.