TITLE

THE OKUN'S LAW AND THE CHAOTIC UNEMPLOYMENT RATE GROWTH MODEL: G7

AUTHOR(S)
JABLANOVIC, Vesna
PUB. DATE
June 2014
SOURCE
Hyperion International Journal of Econophysics & New Economy;2014, Vol. 7 Issue 1, p77
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The basic aim of this analysis is to set up a relatively simple chaotic unemployment rate growth model that is capable of generating stable equilibria, cycles, or chaos. This paper analyzes the local growth stability of unemployment rate in the G7 countries in the period 1990-2013. (www.imf.org) and confirms stable but monotonically increasing movement of unemployment rate in the G7 countries in the observed period.
ACCESSION #
97769537

 

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