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dc.contributor.authorMarqués López, Darío
dc.description.abstractThe 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 discussedes_ES
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.title.alternativeEl impacto de la tasa de crecimiento del PIB en el desempleo de la zona euro.es_ES
dc.titleThe impact of GDP growth rate on unemployment in the eurozone.es_ES
dc.subject.otherFundamentos del Análisis Económicoes_ES
dc.contributor.advisorBadillo Amador, Rosa María 
dc.contributor.advisorTena Nebot, Susana 
dc.subjectCrecimiento económicoes_ES
dc.subjectEconomic growthes_ES
dc.description.centroFacultad de Ciencias de la Empresaes_ES
dc.description.universityUniversidad Politécnica de Cartagenaes_ES
dc.subject.unesco5304 Actividad Económicaes_ES
dc.subject.unesco6310.14 Desempleoes_ES

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Atribución-NoComercial-SinDerivadas 3.0 España
Except where otherwise noted, this item's license is described as Atribución-NoComercial-SinDerivadas 3.0 España