%0 Journal Article 
%A Marqués López, Darío
%T El impacto de la tasa de crecimiento del PIB en el desempleo de la zona euro.

%D 2018
%U http://hdl.handle.net/10317/7042
%X The  purpose  of  this  study  is  to  analyze,  inside  the  Okun’s
Law  framework,  the 
effect
the growth of production has on the unemployment rate on each country of 
the Eurozone. Additionally, the reasons why this effect can be different between 
countries will be analyzed.
The  Okun’s  Law  is  a  well  known  empirically  inverse  relationship  between 
the 
unemployment rate and production growth rate variables of a given country.
This concept was defined in 1962 by the american economist Arthur Okun. In this 
study, Okun did notice a strong linear relationship between the GDP growth rate 
and the unemploy
ment rate from 1947 to 1960 for the United States, which is still 
relevant in financial and 
macro
economic fields.
Regarding  to  the  definition  of  Okun’s  Law,  the  mentioned  relationship  between 
GDP, unemployment rate and their own percentage variatio
ns must
be necessarely 
negative
(
Ceteris Paribus
)
.
Essentially, economies in a position of growth and expansion with a steady active 
population  have  to  increase  the  number  of  workers  in  order  to  increase  its 
production  levels,  hence  the  unemployment  growth  rate 
would  decrease. 
Conversely, at recession times, the amount of workers would decrease.
Even though it does not define a strictly theorical relationship between variables 
owing to its formulation, is mainly based on statistics estimations between data. 
The 
term “Law” has been applied due to it is an empirically relationship which has 
been achieved for most developed economies, only with variations in the value of 
the coefficients.
The study is going to be set by four parts. The first part will be related 
with the 
historical facts about the origin of the Okun’s Law as well as its first statements 
and  the  evolution  of  this  theory.  The  second  part  will  talk  about  its  empirical 
application for this research
, whilst
the third part is going to be about the study
of 
every  country  in  this  research  and  it  w
ill  be  comprised  by  an  econometric
in
terpretation  and  macroeconomic
interpretation.  Lastly,  in  the  fourth  part  the 
results will be discussed
%K Fundamentos del Análisis Económico
%K Desempleo
%K Unemployment
%K Crecimiento económico
%K Economic growth
%K 5304 Actividad Económica
%K 6310.14 Desempleo
%~ GOEDOC, SUB GOETTINGEN