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Estimation of Okun Coefficient for Algeria |
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PP: 1-16 |
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doi:10.18576/ijye/020102
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Author(s) |
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Abdellah Kori Yahia,
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Abstract |
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| The objective of this paper is to investigate the presence of Okun’s (1962) relationship for Algeria for the 1970- 2015 period. Two methodologies are employed to estimate the Okun coefficient: An Autoregressive Distributed Lag (ARDL) linear model and aBayesian Normal Linear Regression model. The results indicate an Okun coefficient of about -0.2 which suggests some rigidity of the labour market in Algeria. |
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