The validity of Okun’s Law in the case of Central Asia: The role of weather and energy factors

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F23%3A43906790" target="_blank" >RIV/60076658:12510/23:43906790 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/content/pdf/10.1007/s11356-023-29711-2.pdf" target="_blank" >https://link.springer.com/content/pdf/10.1007/s11356-023-29711-2.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s11356-023-29711-2" target="_blank" >10.1007/s11356-023-29711-2</a>

Result language
angličtina
Original language name
The validity of Okun’s Law in the case of Central Asia: The role of weather and energy factors
Original language description
This study investigates a modified version of the Okun’s Law that incorporates energy consumption and temperature for five Central Asian countries, while it employs the ARDL methodology, spanning the period 1995–2018. While the original Okun’s Law is not supported, the analysis does find support for the modified Law, suggesting the importance of regional specific factors. The results document the presence of a negative association between unemployment and real GNP both in the short and in the long run. The impact of energy consumption on unemployment is positive in the long run, while the temperature impacts unemployment both in the short and in the long run. © 2023, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
10511 - Environmental sciences (social aspects to be 5.7)

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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