Empirical evidence for Okun’s law in Colombia: an analysis of rural areas at the region level

Vista sencilla de ítem
cepal.articleNo6
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2025/1-P
cepal.docTypeRevistas
cepal.jelCodeE24
cepal.jelCodeE60
cepal.jelCodeC32
cepal.jobNumber06cardoso_RVE-145E
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.sdg8
cepal.topicEngECONOMIC GROWTH
cepal.topicEngEMPLOYMENT
cepal.topicEngPRODUCTIVITY
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaEMPLEO
cepal.topicSpaPRODUCTIVIDAD
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorCardoso López, Diego
dc.contributor.authorLópez Cabrera, Jesús Antonio
dc.coverage.spatialEngCOLOMBIA
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaCOLOMBIA
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.coverage.temporalEnd2020
dc.coverage.temporalStart2010
dc.date.accessioned2025-08-22T13:34:32Z
dc.date.available2025-08-22T13:34:32Z
dc.date.issued2025-04
dc.description.abstractThis article analyses the relationship between income and unemployment, controlling for the variable of human capital, in rural areas of four Colombian regions. The objective is to test for the existence of the empirical regularity known as Okun’s law and thereby measure income’s impact on unemployment by region. The analysis is based on a monthly series for the period 2010–2022, and the methodologies used to determine the behaviour of this relationship include ordinary least square differences, dynamic ordinary least squares, and error correction and vector autoregressive models, establishing the existence of equilibria in the short and long terms. The results are found to be consistent with Okun’s law, showing a negative relationship between real income and unemployment and a positive one between unemployment and human capital.
dc.formatTexto
dc.format.extentpáginas 107-125
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2025/1-P
dc.identifier.urihttps://hdl.handle.net/11362/82408
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.isPartOfSeriesNo145
dc.relation.translationLanguagespa
dc.relation.translationRecordEvidencia empírica de la ley de Okun en Colombia: un análisis de las zonas rurales a nivel regional
dc.relation.translationUrihttps://hdl.handle.net/11362/81882
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngUNEMPLOYMENT
dc.subject.unbisEngLABOUR MARKET
dc.subject.unbisEngINCOME
dc.subject.unbisEngPRODUCTIVITY
dc.subject.unbisEngRURAL AREAS
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaDESEMPLEO
dc.subject.unbisSpaMERCADO DE TRABAJO
dc.subject.unbisSpaINGRESOS
dc.subject.unbisSpaPRODUCTIVIDAD
dc.subject.unbisSpaZONAS RURALES
dc.titleEmpirical evidence for Okun’s law in Colombia: an analysis of rural areas at the region level
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublicationbaa69fa6-e73d-4f57-901d-a1d68500d49b
relation.isAuthorOfPublication4ca38675-a372-4c4f-9ee2-2e4ba2b81ad4
relation.isAuthorOfPublication.latestForDiscoverybaa69fa6-e73d-4f57-901d-a1d68500d49b
Descargar
Bloque original
Mostrando 1 - 1 de 1
Miniatura
Nombre:
06cardoso_REV-145E.pdf
Tamaño:
2.33 MB
Formato:
Adobe Portable Document Format
Descripción:
Document in English
Descargar
Colecciones
Revista CEPAL