Okun’s law in Mexico: an analysis of heterogeneity among States, 2004–2018

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cepal.articleNo7
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2021/13-P
cepal.docTypeRevistas
cepal.jelCodeC21
cepal.jelCodeC22
cepal.jelCodeE24
cepal.jobNumberRVI134_Loria
cepal.physicalDescriptiontablas.
cepal.regionalOfficeSantiago
cepal.topicEngECONOMETRICS
cepal.topicEngECONOMIC GROWTH
cepal.topicEngEMPLOYMENT
cepal.topicEngSTRUCTURAL HETEROGENEITY
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaECONOMETRÍA
cepal.topicSpaEMPLEO
cepal.topicSpaHETEROGENEIDAD ESTRUCTURAL
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorLoría, Eduardo
dc.contributor.authorRojas, Susana
dc.contributor.authorMartínez, Eduardo
dc.coverage.spatialEngMEXICO
dc.coverage.spatialSpaMEXICO
dc.date.accessioned2021-12-02T10:40:57Z
dc.date.available2021-12-02T10:40:57Z
dc.date.issued2021-08-31
dc.description.abstractThe sensitivity of unemployment to economic activity in the Mexican States (from the beginning of 2004 to the first half of 2018) was evaluated on the basis of Okun’s law (1983) as it relates to growth rates. To capture the heterogeneity of the 32 States, the results of individual regressions were compared with fixed effects panel data estimates. The Okun coefficient is significant and possesses the correct sign in 22 States, reflecting a variation between -7.21 and -1.25. The remaining 10 States (with the incorrect sign and an insignificant coefficient) are characterized by poor economic, social and institutional performances. The great recession brought about structural changes in 15 of the 22 States where Okun’s law is valid throughout the period. Moreover, in these 22 States, the Rule of Law Index and the rate of critical employment conditions determine the sensitivity of unemployment growth to output growth.
dc.formatTexto
dc.format.extentpáginas. 135-152
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2021/13-P
dc.identifier.urihttps://hdl.handle.net/11362/47526
dc.language.isoeng
dc.physicalDescriptionp. 135-152 : tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.isPartOfSeriesNo134
dc.relation.translationLanguagespa
dc.relation.translationRecordLey de Okun en México: un análisis de la heterogeneidad estatal, 2004-2018
dc.relation.translationUrihttps://hdl.handle.net/11362/47288
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngUNEMPLOYMENT
dc.subject.unbisEngECLAC
dc.subject.unbisEngREGIONAL DEVELOPMENT
dc.subject.unbisEngLOCAL DEVELOPMENT
dc.subject.unbisEngLABOUR MARKET
dc.subject.unbisEngEMPLOYMENT CREATION
dc.subject.unbisEngSTRUCTURAL ADJUSTMENT
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaDESEMPLEO
dc.subject.unbisSpaCEPAL
dc.subject.unbisSpaDESARROLLO REGIONAL
dc.subject.unbisSpaDESARROLLO LOCAL
dc.subject.unbisSpaMERCADO DE TRABAJO
dc.subject.unbisSpaCREACION DE EMPLEOS
dc.subject.unbisSpaAJUSTE ESTRUCTURAL
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.titleOkun’s law in Mexico: an analysis of heterogeneity among States, 2004–2018
dc.type.coarrevista
dc.usergroupbiblioteca
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