Okun coefficient

GPTKB entity

Statements (14)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo aggregate economy
gptkbp:describes percentage change in GDP for a 1% change in unemployment rate
https://www.w3.org/2000/01/rdf-schema#label Okun coefficient
gptkbp:measures relationship between unemployment and GDP growth
gptkbp:namedAfter gptkb:Arthur_Okun
gptkbp:relatedTo gptkb:Okun's_law
gptkbp:typicalValue between -2 and -3
gptkbp:usedFor estimating output gap
gptkbp:usedIn macroeconomics
gptkbp:variant gptkb:Country
gptkb:historical_period
gptkbp:bfsParent gptkb:Okun's_law
gptkbp:bfsLayer 7