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Okun's law: evidence for the Brazilian economy

Tombolo, Guilherme Alexandre and Hasegawa, Marcos Minoru (2014): Okun's law: evidence for the Brazilian economy. Published in: The Economic Research Guardian , Vol. 4, No. 1 (19 May 2014): pp. 2-12.

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In this article we seek to estimate the Brazilian “Okun’s law” with quarterly data ranging from 1980Q1 until 2013Q3. Considering the typical Okun's relationship, Δu=α-βg_y, where β is the Okun coefficient, we have obtained estimates of β between -0.1878 and -0.2055, such values are in general lower than the values obtained to other countries in similar studies.

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