The Unassuming Economist

From a paper by Óscar Cabrera García and Carla Marrero Yanes:

“Arthur Okun, in 1962, established a relationship between unemployment and GDP after having
studied the behaviour of these variables in the US economy. To analyze the fulfillment of this
relationship in Spain, we used the specification of the model in differences, estimating it not only in
a static but also dynamic way for the national whole, as well as by sex and age groups. Our study
period is between 2003-2023. The results obtained suggest that the “Okun’s Law” is indeed fulfilled,
not only for the national whole but also for age groups and sex, although there are certain
differences in some groups, as well as depending on the type of analysis carried out.”